Contract Questions

23 a b c d a contract under which one or both parties

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Unformatted text preview: ontract. 23. a. b. c. d. A contract under which one or both parties have not as yet fully performed is termed a(n): void agreement. executory contract. executive contract. executed contract. 24. a. b. c. d. 25. A contract wherein the obligation to perform that contract is based upon the happening of a specified event, even if the specified event may never occur, is an example of an illusory contract. a requirement contract. a conditional contract. an invalid and unenforceable contract. a. b. c. d. A contract which contains a clause which excuses one party from liability for his/her negligent conduct is usury. exculpatory. restraint of trade. regulatory. 26. a. b. c. d. A contract which requires a buyer to purchase all that he needs from a seller is valid. unenforceable. an exclusive dealing agreement. illusory. 27. a. b. c. d. A contract which requires an offeree to perform an “act” instead of a promise is a(n) formal contract. quasi-contract. unilateral contract. voidable contract....
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