Provide an example of concealment that could rise to the level of fraud. Would it justify recission of the contract
Subject: Law / General Law
Question 1.1. (TCO 6) A contract in which agreement between parties has been inferred from the contract is known as an __________________. (Points : 10)
Irrevocable Contract
Enforceable Contract
Executed Contract
Implied-in-Fact Contract
Question 2.2. (TCO 6) An _______________________ is a contract that courts refuse to enforce in part or at all because it is so oppressive or manifestly unfair as to be unjust. (Points : 10)
Adhesion Contract
Inequitable Contract
Obstructive Contract
Unconscionable Contract
Question 3.3. (TCO 7) Pursuant to the ________________ any prior or contemporaneous oral or written statements that alter, contradict or are in addition to the terms of the written contract are inadmissible in any court proceeding concerning the contract. (Points : 10)
Parol Evidence Rule
Statute of Frauds
Contractual Integration Rule
Standards of Interpretation Theory
Question 4.4. (TCO 6) ________________is a tort that arises when a third party induces a contracting party to breach the contract with another party. (Points : 10)
Tort of Bad Faith
Negligent Breach
Infliction of Contractual Malfeasance
Intentional Interference with Contractual Relations
Question 5. 5. (TCO 6) What are the elements of promissory estoppel? Provide an example to illustrate them. (Points : 15)
Spellchecker
Question 6. 6. (TCO 6) Explain the basic requirements that must be met for a contract to be enforceable. (Points : 15)
Spellchecker
Question 7. 7. (TCO 7) Provide an example of concealment that could rise to the level of fraud. Would it justify recission of the contract? (Points : 15)
Spellchecker
Question 8. 8. (TCO 6) When Juanita was growing up her uncle always told her that when she graduated from college, he would buy her a new car. Juanita never forgot this so when she graduated from DeVry University she sent her uncle a letter and told him about her graduation and asked him when he was going to take her car shopping? Her uncle responded by telling her that he was retired and did not have money to buy her a car but that he was very proud of her and he enclosed a $100 gift card to Amazon. Juanita had always counted on her uncle’s promise to her so she sued him for breach of contract. Will she prevail? Why or why not? (Points : 15)
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