136 an exculpatory clause is generally unenforceable

This preview shows page 25 - 28 out of 79 pages.

136. An exculpatory clause is generally unenforceable whena. it attempts to release a party from liability for ordinarily negligent behavior.
b. it involves public transportation.c. it is written clearly and in bold, large print.d. the affected activity is a recreational activity.ANSWER:b137. Which of the following oral contracts may be enforceable?b
138. Which of the following would suffice for a signature on a writing under the Statute of Frauds?d
139. An agreement in which parties intend to form a valid bargain, but a court declares that somerule of law prevents enforcing it is calledc
140. Duress occurs whena. the enforcement of a contract results in unconscionability.b. an improper threat is made to force another party to enter into a contract.c. both parties contract based on the same factual error.
d. a party gives notice of refusal to be bound by an agreement.ANSWER:b141. Which of the following is the MOST accurate statement regarding economic duress?d
142. A court is unlikely to enforce the non-compete agreement Kelly and Amber signed because ofwhich of the following clauses?c
143. Jeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. Whenadding up the total of materials and labor, Jeff's secretary mistakenly moved the decimal point oneplace, ending up with a bid of $3,500 rather than $35,000. ACE Corp. accepted Jeff's bid, mostlybecause all the other bids were over $30,000. When Jeff learns of the mistake, he tells ACE Corp.that he cannot do the job for $3,500. If ACE Corp. sues to enforce this contract, what is the mostlikely result?

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 79 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
NoProfessor

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture