Contract Questions

360 one of the most frequently occurring applications

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Unformatted text preview: ed. b. executory. c. unexecuted because the agreement was oral. d. cancelable at any time. 358. a. b. c. d. On which of the following would the usury statutes usually apply? Time-price doctrine transaction Purchase of an item with a credit card Direct loan from a bank to borrower A retail installment sales transaction 359. a. b. c. d. Once a court finds a contract or a term of the contract to be unconscionable, it may: refuse to enforce the entire agreement. enforce the contract without the unconscionable provision. change the unconscionable term so as to avoid any unconscionable result. all of the above. 360. One of the most frequently occurring applications of the doctrine of promissory estoppel is to charitable subscriptions. a. True b. False 361. a. b. c. d. Opal offered, in writing, to sell Larkin a parcel of land for $300,000. If Opal dies, the offer will terminate prior to Larkin’s acceptance only if Larkin received notice of Opal’s death. remain open for a reasonable period of time after Opal’s death. autom...
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