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Cengage Advantage Books Foundations Of Legal Environment Of Business 2nd Edition By Marianne – Test Bank
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Home » Shop » Cengage Advantage Books Foundations Of Legal Environment Of Business 2nd Edition By Marianne – Test Bank
International Financial Management Abridged 12th Edition By Madura – Test Bank
International Financial Management, Abridged 12th Edition By Madura – Test Bank $35.00 Original price was: $35.00.$25.00Current price is: $25.00.
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Introduction To Financial Accounting International 8th Edition By Curtis L Norton Gary A Porter – Test Bank
Introduction To Financial Accounting International 8th Edition By Curtis L Norton Gary A Porter – Test Bank $35.00 Original price was: $35.00.$25.00Current price is: $25.00.

Cengage Advantage Books Foundations Of Legal Environment Of Business 2nd Edition By Marianne – Test Bank

$35.00 Original price was: $35.00.$25.00Current price is: $25.00.

This is not a Textbook. Please check the free sample before buying.

Edition: 2nd Edition

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Resource Type: Test bank

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Description

Chapter 11: Contracts and Sales: Performance and Remedies

TRUE/FALSE

1. A contract with a minor is voidable at the minor’s option.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Capacity

2. A contract with a party who has been declared incompetent is voidable.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Capacity

3. Minors are liable for the reasonable value of necessaries.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Capacity

4. Misrepresentation must be fraudulent before rescission can be permitted.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Misrepresentation

5. Puffing is sufficient grounds for setting aside a contract on the basis of misrepresentation.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Misrepresentation

6. “This shirt is 100% cotton” is a statement that is puffing.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Puffing

7. Fraud is misrepresentation with intent to mislead or deceive.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Fraud

8. Duress requires proof of physical force.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Duress

9. Scienter is required for misrepresentation.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Misrepresentation

10. Undue influence requires proof of a confidential relationship.

ANS: T PTS: 1 NAT: AACSB: Analytic

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