BUL 4421 FINAL - FAU GENDLER EXAM QUESTIONS AND ANSWERS
Correct
100%
Incorrect 00
1 of 137
Term
is the party to a contract who transfers his or her rights to a third
party
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Group insurance Assignor
Donee Beneficiary Negligent Misrepresentation
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2 of 137
Term
Contracts by intoxicated persons are generally voidable IF the other
party had reason to know that their intoxication rendered the person
,unable to understand the nature and consequences of the
transaction
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Authorized Means of Acceptance Intoxicated Persons
Disaffirmance by a Minor Condition precedent
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3 of 137
Term
Occurs when one party threatens the other with a wrongful act
unless assent is given
Such assent is not legal assent because coercion interferes with the
parties free will
the injured party must demonstrate that there were no reasonable
alternatives to agreeing to the contract
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Duress Unilateral Mistake
Creditor Beneficiary Consideration
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4 of 137
Term
Once a petition, voluntary or involuntary, is filed, the code provides
for an automatic stay or moratorium, for almost all creditor litigation
against the debtor
creditors cannot bring or continue legal action against the debtor or
his property
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Automatic Stay Quasi Contract
Mutual Mistake Authorized Means of Acceptance
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5 of 137
Definition
Mentally Incapacitated Persons - Valid Contract
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The terms of the acceptance must mirror the terms of the offer exactly for
common law contracts, if not, no contract is formed and the purported
, acceptance is treated as a counteroffer
An agreement two parties enter into before marriage that clearly states the
ownership rights each party enjoys in the other party's property
Contracts falling within the Statute of Frauds
If a person suffers from delusions that may impair his judgment but he can
still understand that he is entering into a contract and understands his
obligations under the contract, his contract is valid
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6 of 137
Definition
Liability Insurance
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Protects professionals from suits by
Protects your business from third parties who claim that the
tort liability to third parties professional was negligent in his or
her job performance
One or both of the parties has the
Damages specified in advance in
ability to either withdraw from the
the contract
contract or enforce it
Don't know?
Correct
100%
Incorrect 00
1 of 137
Term
is the party to a contract who transfers his or her rights to a third
party
Give this one a try later!
Group insurance Assignor
Donee Beneficiary Negligent Misrepresentation
Don't know?
2 of 137
Term
Contracts by intoxicated persons are generally voidable IF the other
party had reason to know that their intoxication rendered the person
,unable to understand the nature and consequences of the
transaction
Give this one a try later!
Authorized Means of Acceptance Intoxicated Persons
Disaffirmance by a Minor Condition precedent
Don't know?
3 of 137
Term
Occurs when one party threatens the other with a wrongful act
unless assent is given
Such assent is not legal assent because coercion interferes with the
parties free will
the injured party must demonstrate that there were no reasonable
alternatives to agreeing to the contract
Give this one a try later!
Duress Unilateral Mistake
Creditor Beneficiary Consideration
, Don't know?
4 of 137
Term
Once a petition, voluntary or involuntary, is filed, the code provides
for an automatic stay or moratorium, for almost all creditor litigation
against the debtor
creditors cannot bring or continue legal action against the debtor or
his property
Give this one a try later!
Automatic Stay Quasi Contract
Mutual Mistake Authorized Means of Acceptance
Don't know?
5 of 137
Definition
Mentally Incapacitated Persons - Valid Contract
Give this one a try later!
The terms of the acceptance must mirror the terms of the offer exactly for
common law contracts, if not, no contract is formed and the purported
, acceptance is treated as a counteroffer
An agreement two parties enter into before marriage that clearly states the
ownership rights each party enjoys in the other party's property
Contracts falling within the Statute of Frauds
If a person suffers from delusions that may impair his judgment but he can
still understand that he is entering into a contract and understands his
obligations under the contract, his contract is valid
Don't know?
6 of 137
Definition
Liability Insurance
Give this one a try later!
Protects professionals from suits by
Protects your business from third parties who claim that the
tort liability to third parties professional was negligent in his or
her job performance
One or both of the parties has the
Damages specified in advance in
ability to either withdraw from the
the contract
contract or enforce it
Don't know?
