A) Yes, but the only relevant question is whether Trina knew Dion was intoxicated; the price is not relevant.
B) Yes, because Trina did not know Dion was intoxicated and the agreement is fair.
C) Yes, because the level of intoxication is the primary factor in determining whether the contract is likely to be valid.
D) No, because intoxicated persons lack capacity to determine fair market value.
E) No, because it is irrelevant that Trina did not know of Dion's intoxication.
Correct Answer
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Multiple Choice
A) 50
B) 47
C) 40
D) 35
E) 10
Correct Answer
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Multiple Choice
A) A restrictive covenant
B) A restrictive adhesion contract
C) An exculpatory agreement
D) A usury agreement
E) A performance based agreement
Correct Answer
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Multiple Choice
A) contract of adhesion
B) exculpatory clause
C) procedural misrepresentation
D) substantive clause
E) malfeasance directive
Correct Answer
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Multiple Choice
A) Good business practices
B) Loan manipulation
C) Legal loan price inflation
D) Uncustomary
E) Usury
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) Plaintiff did not enter into a valid arbitration agreement with his employer because he was a minor, and therefore the agreement was a nullity.
B) Plaintiff entered into a valid arbitration agreement with his employer, but the employer properly exercised its right to void the contract.
C) Plaintiff entered into a valid arbitration agreement with his employer, but the employer failed to exercise its right to void the contract.
D) Plaintiff entered into a valid arbitration agreement with his employer, but properly exercised his statutory right of disaffirmance, thereby rescinding the arbitration contract and rending it a nullity.
E) Plaintiff entered into a valid arbitration agreement with his employer, but did not properly exercise his statutory right of disaffirmance, thereby he was required to arbitrate.
Correct Answer
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Multiple Choice
A) In all states, a minor must return any consideration in his control but is entitled to a full refund of any purchase price regardless of the condition of the consideration when returned.
B) In all states, a minor is entitled to a full refund without returning consideration.
C) In all states, a minor must return any consideration in his control, must make restitution, and must pay for any loss in value of the collateral.
D) In all states, a minor only receives a return of half the minor's investment.
E) The obligations of a minor upon disaffirmance vary from state to state.
Correct Answer
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Multiple Choice
A) Sunday prohibition laws
B) Christian fellowship laws
C) Blue laws
D) Homestead laws
E) Fellowship laws
Correct Answer
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Multiple Choice
A) Immortality
B) Legality
C) Incapacity
D) Majority
E) Mental illness
Correct Answer
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