Match the terms with their descriptions:
-Memorandum
A) In equal fault
B) Legal standard for being able to make a contract
C) Fraud in the execution
D) Contracts made by minors
E) Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws
Correct Answer:
Verified
Q47: Match the terms with their descriptions:
-In pari
Q48: Match the terms with their descriptions:
-Forbearance
A) In
Q49: Match the terms with their descriptions:
-Statute of
Q50: Match the terms with their descriptions:
-Adhesion contracts
A)
Q51: Match the terms with their descriptions:
-Nudum pactum
A)
Q53: Match the terms with their descriptions:
-Usury
A) In
Q54: Match the terms with their descriptions:
-Fraud in
Q55: Match the terms with their descriptions:
-Voidable
A) In
Q56: Define consideration. Discuss its importance for the
Q57: Define a memorandum. Identify types of contracts
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