Contract Questions

Which of the following is correct regarding the

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Unformatted text preview: t the requirements of an assignment? A writing is required that mentions assignment. Consideration is not required. The assignment must be authorized by statute. Only a gratuitous assignment must be in writing. 496. a. b. c. d. Which of the following is a type of counteroffer? Option Conditional acceptance Firm offer Conditional offer 497. a. b. c. d. Which of the following is an example of unconscionability? Terms that are stated in “fine print” A disparity in bargaining power between the parties High-pressure sales tactics A penalty clause obligating the buyer to pay five times the product’s price for failing to accept the goods when delivered 498. a. b. c. d. Which of the following is an exception to the consideration requirement? Promissory estoppel Promises to pay debts whose enforcement is barred by the statute of limitations Charitable subscriptions All of the above 499. Which of the following is correct regarding the contractual liability of incompetent persons? a. An inco...
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