Self Check Chapter 15 Quiz (WK5)

Self Check Chapter 15 Quiz (WK5) - Self Check Chapter 15...

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Self Check Chapter 15 Quiz (WK5) 1 An agreement can be illegal even if no statute specifically states that it is illegal. A) True B) False 2 In order to be enforceable, a non-competition clause must be reasonable in time,  geographic area, and scope. A) True B) False 3 Exculpatory clauses are always enforced by the courts. A) True B) False 4 A contract that relieves the other party of liability as a result of intentional  wrongdoing may be enforceable. A) True B) False 5 A morally unconscionable contract may be treated as if it were illegal. A) True B) False 6 Which of the following contracts are generally enforceable? A) A contract to loan money is excess of the maximum interest rate. B) A contract between to competing merchants to set the price of gasoline at a  particular rate. C) A contract between two people whereby one agrees not to sue the other. D) All of the above.
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7 Which of the following is a remedy for unconscionability? A) Court can refuse to enforce agreement B) Court can refuse to enforce unconscionable provision but enforce the rest of  the contract C) Both a and b D) Neither a nor b 8 Peter entered an agreement with Jen, in which Peter agreed not to sue Jen for  negligence. This is an example of what type of agreement?
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