Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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1. It is the meeting of the minds between the parties on the subject matter and the cause which
are to constitute the contract.
с. Ассеptance
d. None of the above.
a. Offer
b. Consent
2. All of the following are considered vices of consent, except:
а. Force
b. Fraud
c. Intimidation
d. All of the following are vices of consent
3. It is the false notion of a thing or a fact material to the contract.
a. Mistake
b. Fraud
c. Intimidation
d. Violence
4. As a general rule, this is the mistake contemplated by law to be considered as a vice of
consent:
a. Mistake of law
b. Mistake of obligation
c. Mistake of fact
d. None of the above
5. When one of the parties is unable to read or understand the language of a contract, and mistake
or fraud is alleged, who has the burden to prove that terms thereof was duly explained to him?
a. Obligor
b. Person who did not understand the terms of the contract
c. Person enforcing the contract
d. None of the above
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Transcribed Image Text:1. It is the meeting of the minds between the parties on the subject matter and the cause which are to constitute the contract. с. Ассеptance d. None of the above. a. Offer b. Consent 2. All of the following are considered vices of consent, except: а. Force b. Fraud c. Intimidation d. All of the following are vices of consent 3. It is the false notion of a thing or a fact material to the contract. a. Mistake b. Fraud c. Intimidation d. Violence 4. As a general rule, this is the mistake contemplated by law to be considered as a vice of consent: a. Mistake of law b. Mistake of obligation c. Mistake of fact d. None of the above 5. When one of the parties is unable to read or understand the language of a contract, and mistake or fraud is alleged, who has the burden to prove that terms thereof was duly explained to him? a. Obligor b. Person who did not understand the terms of the contract c. Person enforcing the contract d. None of the above
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