R6 - Contracts

Question 1

Contracts entered into by one who has been adjudicated mentally incompetent are:

Answer 1

Void, rather than voidable.

Question 2

To make out an action for negligent misrepresentation, the plaintiff must show:

Answer 2

Both actual and justifiable reliance on the misrepresentation.

Question 3

A contract can have conditions:

Answer 3

Precedent (qualifying for a mortgage), subsequent (Store), or concurrent (Engagement ring).

Question 4

Generally, all contracts are assignable unless

Answer 4

The assignment would result in a change in the obligor’s risk.

Question 5

Undue influence is when:

Answer 5

A person in a position of trust or confidence takes unfair advantage of the relationship such that the other party’s free will to contract is overcome.

Question 6

The statute of limitations for breach of contract usually begins to run:

Answer 6

On the occurrence of the breach.