Quiz 3

Question 1

The person making an offer is the

Answer 1

offeror

Question 2

A unilateral mistake will usually make a contract void.

Answer 2

false

Question 3

If an insane person chooses to set aside a contract it is called disaffirmance.

Answer 3

true

Question 4

some promises are enforceable without consideration due to the principle of

Answer 4

promissory estoppel

Question 5

charging a higher rate of interest than the law allows is called

Answer 5

usury

Question 6

person or persons in a relationship of trust or confidence

Answer 6

fiduciary