Contract Questions

520 which of the following is true regarding

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Unformatted text preview: rm here – without giving anything back to the adult. d. None of the above. 518. Which of the following is true regarding exculpatory clauses in contracts? a. So long as there is equal bargaining power and voluntary consent, such contracts will be enforced. b. So long as the terms of the contract are conspicuously disclosed and clearly known, such contracts will be enforced. c. Such clauses can be used to disclaim international tort liability. d. None of the above. 519. Which of the following is true regarding gambling statutes? a. Not all states have legislation pertaining to gambling. b. Taking out a life insurance policy on one’s terminally ill business partner is an illegal wagering agreement. c. If a purchase is required, a grocery store drawing will be an illegal lottery. d. Anyone can take out a life insurance policy on the life of a famous person such as the President of the United States. 520. Which of the following is true regarding promissory estoppel? a. It requires that the promisor should reasonably expect to induct the promisee’s action or forbearance. b. Damages awarded for promiss...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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