QUESTION 63 Which one of these contracts would be voidable at the option of a minor? O 1. a contract with a seventeen-year-old for a student loan O 2. a contract with a nineteen-year-old to purchase a car, with $400 down and twenty-four monthly payments of $200 each 3. a contract with a sixteen-year-old to purchase a car, with $400 down and twenty-four monthly payments of $200 each 4. a tenancy agreement between a landlord and a sixteen-year-old QUESTION 64 Sam Shifty, a sophisticated property developer, befriends ninety-year-old Fred Farmer who owns a large farm property on the edge of a rapidly expanding metropolis. Sam convinces Fred that he would be happier in the Shady Acres Retirement Vilage and offers to pay Fred $1000 per acre for his farmland. Shortly after Sam buys the property and Fred moves into Shady Acres Fred dies Freds children are shocked when they learn the terms of the sale after Fred's death They know that properties like Fred's have been selling for ten times as much. In this situation, O 1. The sale could be overturned using the concept of non est factum, but not without Fred being available to testify 2. The sale could be overturned using the concept of duress 3. The trustee of Fred's estate may be able to raise the issue of undue influence to successfully overturn the one-sided sale 4. Fred's death means that his children will be unable to do anything about the property transaction Which of the following statements is true? O 1. Most businesses can insure themselves by setting aside enough cash to cover potential lawsuits. 2. Insurance should only be purchased when a government law requires it O 3. Which of the following statements is true? 4. Insurance shifts the financial risk of business mistakes to the insurance company QUESTION 47 Under provincial occupational health and safety legislation, O 1. employees can't refuse to work in unsafe conditions, but could sue their employer if they are injured 2. employers can be sued if an employee is hurt, but they will not face criminal charges 3. employees can refuse to work in unsafe conditions 4 provincial government agents can inspect a workplace for risk situations, but cannot order the workplace shut down