AAMI Mort Law Final Exam Questions and Answers 100% Solved| Latest Update Graded A+
Punitive Damages Monetary damages that may be awarded to a plaintiff to punish the
defendant and deter similar conduct in the future.
A bailment in which consideration is present Mutual benefit bailment
Which 2 crimes REQUIRE the participation of 2 persons? Extortion & Bribery
Mona entered into a valid contract with Mortimer. The contract was signed on May 1, 1999 and
required that Mona clean Mortimer's office twice a month on the 1st and 15th of each month
beginning on June 1st and concluding December 31, 1999. What is this contract called?
Divisible contract
Albert intentionally told Donald that his 1996 Suburban had 25,000 miles on it when in fact he
had had the odometer turned back from 50,000 miles. Albert would guilty of ______________.
fraud
Undue Influence When a person has the power to control the actions of another because of
a special or confidential relationship and uses that power improperly
When a contract is regarded as shockingly unjust or unfair Unconscionable
Gratuitous Promise a promise that does not require some benefit in return
Barren Promise an obligation to perform actions that are already required
Not involved in a private or public nuisance Automobile
, Administrative agencies such the FTC, FCC, IRS and others have the authority to adopt Rules
and regulations
Confidential relationship required Undue influence
An offer can be terminated by a lapse of time, revocation, rejection, or acceptance
Jeffrey Jones was being interviewed on the radio and during the interview he stated that Derek
Johnson was a thief. This statement was not true. Jones is guilty of libel. True
All contracts that a minor enters into are voidable. False
When there is a valid contract entered into by competent parties, courts will evaluate and
judge the adequacy of the consideration False
Forbearance is a type of consideration. True
When contractual capacity is evaluated, a judge will look at the party's age and mentality.
True
In a contract between a minor and an adult, which concerns necessities, either party to the
contract may disaffirm the contract. False
What is an explicit specifically stated promise? express warranty
In order for the Magnuson Moss Act to be applicable the cost of the consumer products must
cost more than $25
Punitive Damages Monetary damages that may be awarded to a plaintiff to punish the
defendant and deter similar conduct in the future.
A bailment in which consideration is present Mutual benefit bailment
Which 2 crimes REQUIRE the participation of 2 persons? Extortion & Bribery
Mona entered into a valid contract with Mortimer. The contract was signed on May 1, 1999 and
required that Mona clean Mortimer's office twice a month on the 1st and 15th of each month
beginning on June 1st and concluding December 31, 1999. What is this contract called?
Divisible contract
Albert intentionally told Donald that his 1996 Suburban had 25,000 miles on it when in fact he
had had the odometer turned back from 50,000 miles. Albert would guilty of ______________.
fraud
Undue Influence When a person has the power to control the actions of another because of
a special or confidential relationship and uses that power improperly
When a contract is regarded as shockingly unjust or unfair Unconscionable
Gratuitous Promise a promise that does not require some benefit in return
Barren Promise an obligation to perform actions that are already required
Not involved in a private or public nuisance Automobile
, Administrative agencies such the FTC, FCC, IRS and others have the authority to adopt Rules
and regulations
Confidential relationship required Undue influence
An offer can be terminated by a lapse of time, revocation, rejection, or acceptance
Jeffrey Jones was being interviewed on the radio and during the interview he stated that Derek
Johnson was a thief. This statement was not true. Jones is guilty of libel. True
All contracts that a minor enters into are voidable. False
When there is a valid contract entered into by competent parties, courts will evaluate and
judge the adequacy of the consideration False
Forbearance is a type of consideration. True
When contractual capacity is evaluated, a judge will look at the party's age and mentality.
True
In a contract between a minor and an adult, which concerns necessities, either party to the
contract may disaffirm the contract. False
What is an explicit specifically stated promise? express warranty
In order for the Magnuson Moss Act to be applicable the cost of the consumer products must
cost more than $25
