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An important fact of a contract
A.) Contractual facts
B.) Material Facts
C.) Defined facts

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A seller unknowingly makes a statement that turns out to be untrue.
a) Innocent misrepresentation *
b) Fraudulent misrepresentation
c) misrepresentation

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what is an important fact in a contract?
a) crucial fact
b) material fact
c) essential fact

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A token amount that is paid when an amount is not known?
A) Illusory Promise
B) Accord
C) Nominal Consideration
D) Detriment

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Italicized = Correct

What ways can you eliminate uncertainty in an offer?

A) Options

B) Firm Offer

C) Written Endorsement

D) Degree of Certitude

What is it called when a party uses an improper threat or action to obtain an expression of agreement?

A)      Harassment

B)      Duress

C)      Abuse of Position

D)      Unethical

When one party in a contract is in a position of trust and then wrongfully dominates the other party.

A)      Harassment

B)      Decipiat

C)      Abuse of Position

D)      Unethical

When one party holds an incorrect belief about the terms of the contract.

A)      Void Contract

B)      Unilateral Mistake

C)      Fraudulent Misrepresentation

D)      Active Concealment

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A written summons from a judge commanding a witness to appear in court

Subpoena

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The person promising the action?
A) donor
B) donee
C) plaintiff
D) offeror

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What is a civil wrong?
A) crime
B) breach of duty
C) tort
D) liability

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What is an agreement that a debt exists and on the amount of debt?
A) unliquidated debt
B) satisfaction
C) accord
D) liquidated debt

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Which of the following is a requirement of a contract?
A: Must be between 3 or more parties
B: Capacity
C: Must be written
D: Both B & C

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What is a Jury's decision called?
A) Verdict
B) Judgement
C) Crime
D) Ruling

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What is a transfer of ownership without receiving anything in return?
A) unilateral transfer
B) bilateral transfer
C) gift
D) forebearance

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Also known as theft
A) damages
B) larceny
C) tort
D) duty

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a civil wrong that you are also careless
a)tort
b)negligence*
c)wrong doing
a award to compensate an injury
a)lawsuit
b)battery
c) damages*

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Which of the following is a way to terminate an offer?
a) Revocation
b)Rejection by the offeree
c)A Counteroffer
d) All of the above

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If you own a dangerous animal and it injures someone, you are liable. What is this called?
a) tort
b) misdemeanor
c) strict liability***
d) vicarious liability

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What is one defense for negligence?

a)stupidity
b)assumption of risk
c)injury
d) brain - aneurysms