Which of the following is correct Selected Answer The contract is voidable by

Which of the following is correct selected answer the

  • Hodges University
  • BUSINESS L 3111
  • Test Prep
  • theladie1234567
  • 7
  • 100% (1) 1 out of 1 people found this document helpful

This preview shows page 5 - 7 out of 7 pages.

purchase price plus interest are paid in full. Which of the following is correct?Selected Answer:The contract is voidable byMarty.Question 241 out of 1 pointsMike owns a house in a poor area of a large city. Mike is on disability and his total monthly income is $700. A sales representative visits his home, selling a water purification system. Mike signs a contract that calls for monthly payments of $500 for the next 10 years. The water system is worth no more than $1000. Mike thought he was signing a permission slip allowing the salesman to conduct a free water test to determine the toxins in the water. How would a court most likely describe this contract? Selected Answer: The contract is unenforceable because it is unconscionable. Question 25 1 out of 1 points Ramona, age 42, orally agreed to work for Brahma, Inc. for the rest of her life for $50,000 per year. This agreement would not be enforceable since it violates the one-year rule of the statute of frauds. Selected Answer: Fals e Question 26 1 out of 1 points Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from a car." This type of notice is referred to as an exculpatory clause. Selected Answer: Tru e Question 27 1 out of 1 points Roger, a minor, buys a stereo from Tuneland, Inc. Roger uses the stereo for a few months, returns it to Tuneland, and demands his money back. In a majority of states, Roger may return the stereo and he does not have to pay for the use of the stereo or the damages. Selected Answer: Tru e Question 28 1 out of 1 points Ron, a minor, goes to the hospital for treatment of the flu. On the new- patient form Ron signs, he agrees to pay for any care or treatment he receives. When billed for the treatment: Selected Ron must pay for the value of the benefit he received,
Image of page 5
WorkfileContents.docx Answer: because medical care is a necessary. Question 29 1 out of 1 points Spencer, age 18 and of sound mind, has the legal capacity to contract. Selected Answer: Tru e Question 30 1 out of 1 points Suppose that Lenny Lawyer enters into an agreement with Cindy Client that his fee will be a percentage of the recovery Lenny obtains for Cindy in her pending divorce. State law makes such a contingency fee arrangement illegal in divorce actions. What will be the probable outcome if Lenny attempts to enforce the agreement? Selected Answer: The contract will be void as violating a statute. Lenny will not be able to recover anything. Question 31 1 out of 1 points The Tavern's secret recipe for its pizza sauce would be considered: Selected Answer: a trade secret, and an employment noncompete clause would be enforceable to protect it. Question 32 1 out of 1 points The UCC deals with unconscionability in a contract by providing that a court may: Selected Answer: All of the above.
Image of page 6
Image of page 7

You've reached the end of your free preview.

Want to read all 7 pages?

  • Spring '14
  • Alpha, Xenon

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture