Exam 9: Consideration, Capacity, and Legality

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Betty sells her Clothes Shop to Diane. In the sale agreement, there is a covenant not to compete that prohibits Betty from opening another clothing store within a certain distance. If a court concludes that this restriction is unreasonable, it will most likely

(Multiple Choice)

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Question 61

A person who is intoxicated can avoid liability on any contract due to the intoxication.

(True/False)

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Question 62

Contracts in restraint of trade are contrary to the public policy that favors competition in the economy.

(True/False)

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Question 63

Even in states that permit certain types of gambling, courts find that gambling contracts are illegal.

(True/False)

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Question 64

Laurel enters into a contract to sell her bike to Melanie. Melanie takes possession of the bike as a minor and continues to use it well after reaching the age of majority. She has

(Multiple Choice)

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Question 65

A bargain is unconscionable if it is grossly unfair.

(True/False)

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Question 66

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

(True/False)

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Question 67

Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be

(Multiple Choice)

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Question 68

Jenny promises to pay Kay $500 because "she does not have as much money as other people." Jenny's promise is

(Multiple Choice)

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Question 69

A covenant not to compete included in the sale of an ongoing business is always unenforceable.

(True/False)

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Question 70

To be legally sufficient, consideration must be evidenced by something tangible.

(True/False)

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Question 71

Even in states that permit certain types of gambling, courts often find that gambling contracts are illegal.

(True/False)

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(81)

Question 72

Showing 61 - 72 of 72

Betty sells her Clothes Shop to Diane. In the sale agreement, there is a covenant not to compete that prohibits Betty from opening another clothing store within a certain distance. If a court concludes that this restriction is unreasonable, it will most likely

A person who is intoxicated can avoid liability on any contract due to the intoxication.

Contracts in restraint of trade are contrary to the public policy that favors competition in the economy.

Even in states that permit certain types of gambling, courts find that gambling contracts are illegal.

Laurel enters into a contract to sell her bike to Melanie. Melanie takes possession of the bike as a minor and continues to use it well after reaching the age of majority. She has

A bargain is unconscionable if it is grossly unfair.

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be

Jenny promises to pay Kay $500 because "she does not have as much money as other people." Jenny's promise is

A covenant not to compete included in the sale of an ongoing business is always unenforceable.

To be legally sufficient, consideration must be evidenced by something tangible.

Even in states that permit certain types of gambling, courts often find that gambling contracts are illegal.

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Business Ethics

Nature and Terminology

Agreement in Traditional and E-Contracts

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

Filters

Exam 9: Consideration, Capacity, and Legality

Betty sells her Clothes Shop to Diane. In the sale agreement, there is a covenant not to compete that prohibits Betty from opening another clothing store within a certain distance. If a court concludes that this restriction is unreasonable, it will most likely​

A person who is intoxicated can avoid liability on any contract due to the intoxication.​

Contracts in restraint of trade are contrary to the public policy that favors competition in the economy.​

Even in states that permit certain types of gambling, courts find that gambling contracts are illegal.​

Laurel enters into a contract to sell her bike to Melanie. Melanie takes possession of the bike as a minor and continues to use it well after reaching the age of majority. She has​

A bargain is unconscionable if it is grossly unfair.​

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.​

Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be​

Jenny promises to pay Kay $500 because "she does not have as much money as other people." Jenny's promise is​

A covenant not to compete included in the sale of an ongoing business is always unenforceable.​

To be legally sufficient, consideration must be evidenced by something tangible.​

Even in states that permit certain types of gambling, courts often find that gambling contracts are illegal.​

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Business Ethics

Nature and Terminology

Agreement in Traditional and E-Contracts

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

Filters

Betty sells her Clothes Shop to Diane. In the sale agreement, there is a covenant not to compete that prohibits Betty from opening another clothing store within a certain distance. If a court concludes that this restriction is unreasonable, it will most likely

A person who is intoxicated can avoid liability on any contract due to the intoxication.

Contracts in restraint of trade are contrary to the public policy that favors competition in the economy.

Even in states that permit certain types of gambling, courts find that gambling contracts are illegal.

Laurel enters into a contract to sell her bike to Melanie. Melanie takes possession of the bike as a minor and continues to use it well after reaching the age of majority. She has

A bargain is unconscionable if it is grossly unfair.

Ordinarily, minors can disaffirm contracts even when they have misrepresented their age.

Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be

Jenny promises to pay Kay $500 because "she does not have as much money as other people." Jenny's promise is

A covenant not to compete included in the sale of an ongoing business is always unenforceable.

To be legally sufficient, consideration must be evidenced by something tangible.

Even in states that permit certain types of gambling, courts often find that gambling contracts are illegal.