QUESTION 1 If a contract is deemed to have an illegal purpose, then it will be a

Question

QUESTION 1

If a contract is deemed to have an illegal purpose, then

it will be avoidable by the party who made the original offer

it will be voidable by either party at his election

it will be enforceable if both parties agree to be bound anyway

it will be void and unenforceable

it will be avoidable by the party to whom it is unfair

QUESTION 2

Mitch, a fifteen year old neighbor, contracted with Barbara to mow Barbara’s lawn for two years in return for payment of $25 each week.   The arrangements were made verbally.   After three months, Barbara has decided that she wants to cancel the contract because she lost her job and can now mow the lawn herself. Barbara’s best argument for canceling the contract is:

the contract isn't binding on Barbara because circumstances have changed since the making of the contract

the contract isn’t binding on Barbara because she mistakenly believed she would continue to have a job

the contract isn’t legally enforceable due to failing to comply with the writing requirement of the Statute of Frauds

the contract isn’t legally enforceable pursuant to promissory estoppel

the contract isn’t binding on Barbara because Mitch lacks legal capacity to enter into a contract

QUESTION 3

A contract term stating that the written agreement contains the parties' full understanding and intent is known as _____.

implied contract

main purpose doctrine

reformation

merger clause

non-disclosure clause

QUESTION 4

The following contracts are often made illegal by statute

gambling contracts

usury

Sunday contracts

all of these

practicing a profession without a license

QUESTION 5

What kind of contract must be in writing and signed in order to be valid and legally enforceable?

a contract for the sale of a farm

All of these

a contract for Joe to pay Sam's debt

a contract for the lease of an apartment for 2 years

a contract for the sale of a car for $15,000

it will be avoidable by the party who made the original offer

it will be voidable by either party at his election

it will be enforceable if both parties agree to be bound anyway

it will be void and unenforceable

it will be avoidable by the party to whom it is unfair

Explanation / Answer

1.  The correct answer is Option D. If a contract is deemed to have an illegal purpose, then it will be void and unenforceable.

2. The correct answer is Option E. The contract isn’t binding on Barbara because Mitch lacks legal capacity to enter into a contract.

3. The correct answer is Option D. The contract term stating that the written agreement contains the parties' full understanding and intent is known as merger clause.

4. The correct answer is Option D. Contracts such as usurious contracts, gambling contracts, unlicensed agreements, unconscionable agreements, and some Sunday agreements are often made illegal.

Please post the other questions separately as we are supposed to answer just one question or four sub parts of a question.

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