There are 4 answer choices to each question

below the question itself

if there is true/false below the question than it is a true/false question

Management promises to give every employee a $1,000 bonus if management feels like it. This promise:

Is an illusory promise

Creates a contract

Is an example of duress

is adequate consideration

.

. 45

1.Joe owns an exotic animal park.Joe knows that these exotic animals can be dangerous.Joe is considering having his customers sign an exculpatory clause before entering the park.True or False:An exculpatory clause is generally unenforceable unless the clause is clearly written and readily visible.

True

False

.

. 46

1.The Uniform Commercial Code (UCC):

Made contract law less uniform across states

Federalized contract law

Replaced state law with federal law

Made contract law more uniform across states

.

. 47

1.Thomas owns what he believes is an original of the Declaration of Independence.Benjamin also believes that the document that Thomas owns is an original of the Declaration of Independence.Benjamin has purchased the document from Thomas for $1,776,000.Thomas and Benjamin have learned that the document is a forgery (a fake).This situation is an example of:

Both a unilateral mistake and a unilateral mistake

A mutual mistake

Neither a mutual mistake nor a unilateral mistake

A unilateral mistake

.

. 48

1.Police officer Brenda has a preexisting legal duty to carry out her job responsibilities as a police officer.Which of the following can be an exception to the preexisting duty rule:

Modification

Additional Work

Unforeseen Circumstances

All of these answer choices are exceptions to the preexisting duty rule

.

. 49

1.Diana offered to sell her microphone to Lionel.Dianna has decided that she no longer wishes to sell her microphone to Lionel.Diana's offer to Lionel will be revoked when:

Dianna signs the revocation

Lionel signs the revocation

Lionel receives the revocation

Dianna drops off a letter at the post office revoking her offer to Lionel

.

. 50

1.Will and Lucas have entered into an agreement in which Will has agreed to sell Lucas his house.Under the Statue of Frauds, in order for the agreement to be legally enforceable, the writing must:

Be signed by the defendant

State with reasonable certainty the name of each party

State with reasonable certainty the subject matter of the agreement

State with reasonable certainty all of the essential terms and promises

Be all of these things