When the contract specifies what is to happen in the case of a mistake:

 1.    Question :    When the contract specifies what is to happen in the case of a mistake:

                The contract provision applies only if it is unconscionable.

               Since the law is supreme it overrules conflicting contract provisions.

                The contract provision applies even if the law would be otherwise.

               The contract provision applies when the mistake is unilateral.

     Points Received:    1 of 1

      

Question 2.        If an executory contract is entered into as a result of undue influence, the innocent party may refuse to perform.

               True

               False

                

     Points Received:    1 of 1

     

Question 3.      When there is a unilateral mistake the mistaken party never can obtain legal relief.

                 True

                False

               

     Points Received:    1 of 1

    

Question 4.       A party intends to make a contract and is defrauded into making it.

               Active fraud

               Fraud in the Execution

                Fraud in the Inducement

               Misrepresentation

               Passive fraud

               Undue Influence

     Points Received:    1 of 1

    

Question 5.    Question :    A party is tricked into signing a contract when the nature of the writing could not be understood.

                Active fraud

                Fraud in the Execution

               Fraud in the Inducement

               Misrepresentation

               Passive fraud

               Undue Influence

     Points Received:    1 of 1

  

Question 6.     Whether a mistake affects the validity of a contract normally depends on whether just one of the parties or both parties have made a mistake.

               True

               False

               

     Points Received:    1 of 1

     

                                        

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