Wk 4 - Contracts and Intellectual Property Test
For the scenario, determine if the contractual agreement is valid and what is "at play” related to agreement between parties.
h i
Joy Winston at k to sign a prenuptial agreement until he complies.
Valid
Not valid - Fraud in the execution
Not valid - Undue influence
( Not valid - Duress
FEEDBACK
3/3 (100.0%)
Based on the details of the scenario, determine what will most likely occur.
Lincoln has been taking advantage of Benson through an unfair contract for several years. Eventually, Benson seeks relief and legal freedom from his contract.
Contract will certainly be voided
Contract will be modified
[ Contract may be voided subject to investigation
Contract is valid as it stands
FEEDBACK
53/3 (100.0%)
. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.
A party can receive damages to restore itself to the position it would have been in if a breach had not occurred.
Consequential
( Compensatory
Punitive
Nominal
FEEDBACK
3/3 (100.0%)
Which of the following would NOT qualify as valid consideration?
Laura buys $100 worth of clothes from Martha on credit.
[ Spencer and Linda sign a contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each week as he wants.
Bill rents an apartment from his landlord.
Marcy pays Jim a dollar for every bag of tin cans he picks up for recycling.
FEEDBACK
3/3 (100.0%)
. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.
damages are those which cover future losses which are likely to result from one party’s insufficient performance.
Punitive
Nominal
(© consequential
Compensatory
FEEDBACK
3/3 (100.0%)
, T A S o Sy
(_Tanmer: Delegator: i Delagatee: Fin: Obigee )
Tanner: Oblgee: i Delagatee i Beneficary
Tanner: Delagaee: i Delegator: Fin:Oblgee
Tanner: seneficay; L Delagate in: Obigee
FEEDBACK
3/3 (100.0%) v
e
Contract wil be mofied.
( contactisvataas e stands. )
Contractwilbe voldedI the atherparty does ot agree (o mediaton
Contract will certainlybe voided.
FEEDBACK
3/3 (100.0%) v
Larry posts on the intemet that he is offering in-home interior design consultations and that interested customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a letter with a payment and a scheduled time for Larry,
0 g0 to her house for a consultation. Which of the following is most likely true?
Contract created
( contact notceared )
Insufficient information to determine
FEEDBACK
3/3 (100.0%) v
(e S e e e e
Lucy agrees over the phone with Daryl to sell him “the pretty necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong necklace from a different window.
Notvald - undue nfuence
(v )
Notvald - Duress
Not valid - Fraud in the execution
FEEDBACK
3/3 (1000%) v
B e e e e T e o
R
st e cotacsaevabt etence e expai e oot it s,
‘Hannah can use her other contracts to explain her contract with Ralph if they have aiready been completed.
(3 tHonmah carot use otfher contracts to explab e erms o her contract it Rl urbessthey show consitent industy o 30 racice hat s s consitent with Rl conract. )
FEEDBACK
3/3 (100.0%) v
n For the scenario, determine ifthe contractual agreement is valid and what s at play” related to agreement between parties.
iy ol th i Pl s Pl b el a7, o Bty i Pl il ki i el s i 1 s P g i ol o s it
e catches up o hislate paymens,
vala
Notvald - Fraud i e execution
Not vl - Ouress
(_Not valid-Undue influence )
FEEDBACK
5/3 a000) ~
For the scenario, determine if the contractual agreement is valid and what is "at play” related to agreement between parties.
h i
Joy Winston at k to sign a prenuptial agreement until he complies.
Valid
Not valid - Fraud in the execution
Not valid - Undue influence
( Not valid - Duress
FEEDBACK
3/3 (100.0%)
Based on the details of the scenario, determine what will most likely occur.
Lincoln has been taking advantage of Benson through an unfair contract for several years. Eventually, Benson seeks relief and legal freedom from his contract.
Contract will certainly be voided
Contract will be modified
[ Contract may be voided subject to investigation
Contract is valid as it stands
FEEDBACK
53/3 (100.0%)
. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.
A party can receive damages to restore itself to the position it would have been in if a breach had not occurred.
Consequential
( Compensatory
Punitive
Nominal
FEEDBACK
3/3 (100.0%)
Which of the following would NOT qualify as valid consideration?
Laura buys $100 worth of clothes from Martha on credit.
[ Spencer and Linda sign a contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each week as he wants.
Bill rents an apartment from his landlord.
Marcy pays Jim a dollar for every bag of tin cans he picks up for recycling.
FEEDBACK
3/3 (100.0%)
. Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.
damages are those which cover future losses which are likely to result from one party’s insufficient performance.
Punitive
Nominal
(© consequential
Compensatory
FEEDBACK
3/3 (100.0%)
, T A S o Sy
(_Tanmer: Delegator: i Delagatee: Fin: Obigee )
Tanner: Oblgee: i Delagatee i Beneficary
Tanner: Delagaee: i Delegator: Fin:Oblgee
Tanner: seneficay; L Delagate in: Obigee
FEEDBACK
3/3 (100.0%) v
e
Contract wil be mofied.
( contactisvataas e stands. )
Contractwilbe voldedI the atherparty does ot agree (o mediaton
Contract will certainlybe voided.
FEEDBACK
3/3 (100.0%) v
Larry posts on the intemet that he is offering in-home interior design consultations and that interested customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a letter with a payment and a scheduled time for Larry,
0 g0 to her house for a consultation. Which of the following is most likely true?
Contract created
( contact notceared )
Insufficient information to determine
FEEDBACK
3/3 (100.0%) v
(e S e e e e
Lucy agrees over the phone with Daryl to sell him “the pretty necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong necklace from a different window.
Notvald - undue nfuence
(v )
Notvald - Duress
Not valid - Fraud in the execution
FEEDBACK
3/3 (1000%) v
B e e e e T e o
R
st e cotacsaevabt etence e expai e oot it s,
‘Hannah can use her other contracts to explain her contract with Ralph if they have aiready been completed.
(3 tHonmah carot use otfher contracts to explab e erms o her contract it Rl urbessthey show consitent industy o 30 racice hat s s consitent with Rl conract. )
FEEDBACK
3/3 (100.0%) v
n For the scenario, determine ifthe contractual agreement is valid and what s at play” related to agreement between parties.
iy ol th i Pl s Pl b el a7, o Bty i Pl il ki i el s i 1 s P g i ol o s it
e catches up o hislate paymens,
vala
Notvald - Fraud i e execution
Not vl - Ouress
(_Not valid-Undue influence )
FEEDBACK
5/3 a000) ~
