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Multiple Choice Quiz
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1
Generally, contract law turns a "deaf ear" on unilateral mistakes because it presumes that the parties have understood what they have signed and agreed to.
A)True
B)False
2
Blackmail is the threat of exposing one’s financial status.
A)True
B)False
3
A party's worsening of his/her position due to his/her dependence on the terms of the contract is called a material effect.
A)True
B)False
4
Abuse of process is using the threat of resorting to the legal system in order to get someone to enter into a contract.
A)True
B)False
5
To threaten someone's loved one in order to induce them to enter a contract is called physical duress.
A)True
B)False
6
If one party is mistaken about the subject matter of a contract, then:
A)The mistaken party can rescind the contract
B)Either party can rescind the contract
C)Either party can rescind the contract and recover damages
D)Neither party can rescind the contract or recover damages
7
If a person in a fiduciary position takes advantage of that position to induce someone to enter a contract, then the court may find:
A)Undue influence
B)Duress
C)Unconscionability
D)Unilateral mistake
8
Contracts involving fraud and misrepresentation are:
A)Valid
B)Void
C)Voidable
D)Enforceable
9
______________________ duress is the threat of bodily harm used as an inducement to contract.
A)Mental
B)Physical
C)Economic
D)Undue
10
When someone intentionally omits the truth it is called ___________________.
A)intent to deceive
B)misrepresentation
C)nondisclosure
D)fraud





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