Contract Questions

The effect of the making of a partial payment to

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Unformatted text preview: hant is bound to keep an offer open for a stated period not in excess of a. one month. b. two months. c. d. three months. four months. 408. a. b. c. d. The concept of consideration in contract law includes: that each party to a contract must unintentionally exchange a legal benefit. an inducement to each party to make a return exchange. that each party takes out an insurance bond if the possibility of damages is above $500. all of the above. 409. a. b. c. d. The courts usually consider all of the following matters relevant to contracts except: undue influence. fraud. adequacy of consideration. misconduct. 410. The death or insanity of the offeror or offeree does not terminate an option. a. True b. False 411. The effect of the making of a partial payment to satisfy a debt which is certain in amount and which is past due is an example of the rule that: a. past benefits cannot be consideration for a later promise. b. a conditional promise may be consideration. c. doing what one is bound to do is not consideration. d. consideration...
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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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