Question

QUESTION 5

1. Assume in question 54 that Gordon went to several Weight Watchers meetings after turning 18. He thereafter wanted to cancel his membership. Can he do so?

   	A.	Yes
   	B.	No

1 points   

QUESTION 6

1. Catherine is 17 and bought a car. Both she and her mother signed the contract with the car dealer. A few months later Catherine decided she did not really like the car and so wanted to disaffirm the contract. Which of the following is true?

   	A.	Catherine can avoid the contract; her mother cannot.
   	B.	Both Catherine and her mother can disaffirm.
   	C.	Neither Catherine nor her mother can disaffirm.
   	D.	The mother can avoid the contract; Catherine cannot.

1 points   

QUESTION 7

1. Several gas stations in the same neighborhood were in fierce price competition. One day they decided to avoid the cutthroat competition by all agreeing to sell gas at the same price per gallon. Is this agreement enforceable.

   	A.	Yes, it is intended to protect the legitimate business interests of the store owners.
   	B.	It is a voidable contract and as such may be canceled by at least one party.
   	C.	No, this agreement is illegal and therefore void.

1 points   

QUESTION 8

1. Mohamad is a runner and is preparing for the Rochester Marathon, a 26.2 mile race. On the registration form he is required to sign a statement saying, “If I am injured during the race for any reason, I will not sue the race organizers for my injuries.” What is this clause called?

   	A.	An agreement not to compete.
   	B.	A statute of frauds.
   	C.	An exculpatory clause.
   	D.	A voidable contract.

1 points   

QUESTION 9

1. If Mohamad is injured during the race due to the directors’ negligence, will the referenced contract term protect the race organizers from liability?

   	A.	Yes
   	B.	No

1 points   

QUESTION 10

1. Emily is a hairdresser. New York State requires that hairdressers be licensed. Emily does not have a license. What is the effect on her contracts of not having a license?

   	A.	They are valid.
   	B.	They are voidable.
   	C.	They are void.
   	D.	They are implied.

1 points   

QUESTION 11

1. Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuel’s support. Samuel tells Juan that unless he transfers a tract of land he owns to Samuel for a price 75% below its market value, Samuel will no longer support and take care of him. Juan enters into the contract. Which of the following would likely apply?

   	A.	Fraud
   	B.	Mistake of fact
   	C.	Concealment
   	D.	Undue influence

Answer 1

SOLUTION :

Q.5:

Assume in question 54 that Gordon went to several Weight Watchers meetings after turning 18. He thereafter wanted to cancel his membership. Can he do so?

"YES" Because every things (Membership)are depend on his interest.

Q.6 :

Catherine is 17 and bought a car. Both she and her mother signed the contract with the car dealer. A few months later Catherine decided she did not really like the car and so wanted to disaffirm the contract. Which of the following is true?

Hence Option "A","Catherine can avoid the contract; her mother cannot." Is correct answer.

Q.7 :

Several gas stations in the same neighborhood were in fierce price competition. One day they decided to avoid the cutthroat competition by all agreeing to sell gas at the same price per gallon. Is this agreement enforceable.

Hence Option "B","It is a voidable contract and as such may be canceled by at least one party"is correct answer.

Q.8 :

Mohamad is a runner and is preparing for the Rochester Marathon, a 26.2 mile race. On the registration form he is required to sign a statement saying, “If I am injured during the race for any reason, I will not sue the race organizers for my injuries.” What is this clause called?

Hence Option "C","An exculpatory clause." Is correct answer.

Q.9 :

If Mohamad is injured during the race due to the directors’ negligence, will the referenced contract term protect the race organizers from liability?

"YES" Because Mohamad sign contract and declared that he not sue race organization for any injuries.

Q.10 :

Emily is a hairdresser. New York State requires that hairdressers be licensed. Emily does not have a license. What is the effect on her contracts of not having a license?

Hence Option "C","They are void." is correct answer.

Q.11:

Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuel’s support. Samuel tells Juan that unless he transfers a tract of land he owns to Samuel for a price 75% below its market value, Samuel will no longer support and take care of him. Juan enters into the contract. Which of the following would likely apply?

Hence Option "A", "Fraud" is correct answer.