Typically, casinos have no windows or clocks. They tend to offer gamblers either

Question

Typically, casinos have no windows or clocks. They tend to offer gamblers either free, or very low priced, meals and drinks. As a consequence, gamblers

are more likely to be victimized by the law of probability.

are encouraged to risk only the amount of money that they can afford to lose.

find it easier to reduce their losses because they are likely to spend less time in the casino.

are more likely to have an awareness of the passage of time and the importance of outside commitments.

4 points   

QUESTION 22

Amy signs a contract for the purchase of Kim's business. Kim agrees not to compete with Amy for one- year and within the same county. Six months later, Kim opens a competing business two blocks away from Amy's business. In this situation, Amy

can not enforce the contract because it is unconscionable or presents unforeseen difficulties..

can not enforce the contract because it is an obvious restraint of trade.

can enforce the contract because all covenants not to compete are valid and enforceable.

can enforce the contract because the covenant not to compete is reasonable in scope and duration.

4 points   

QUESTION 23

A clause in a contract that shifts the risk for the consequences of certain losses or injuries from one party to another is known as a/an__________.

proximate cause

probable cause

qualifier clause

exculpatory clause

4 points   

QUESTION 24

Sometimes, exculpatory clauses will not be enforce by the courts. Which one of the following would NOT be a reason a court might refuse to enforce one of these clauses?

The parties were in a significantly unequal bargaining position.

The clause does not eliminate liability for negligence as a matter of public policy.

The party subjected to the clause may assume some risk, but not all risks.

These clauses allow the shifting of risk among businesses for insurance purposes.

4 points   

QUESTION 25

With regard to 'legality", the dispute over daily fantasy sports DraftKings and FanDuel centers on whether they invlove,

money

probability

criminal

skill

are more likely to be victimized by the law of probability.

are encouraged to risk only the amount of money that they can afford to lose.

find it easier to reduce their losses because they are likely to spend less time in the casino.

are more likely to have an awareness of the passage of time and the importance of outside commitments.

Explanation / Answer

Q21) Typically, casinos have no windows or clocks. They tend to offer gamblers either free, or very low priced, meals and drinks. As a consequence, gamblers A. are more likely to be victimized by the law of probability

Q22) Answer is D. can enforce the contract because the covenant not to compete is reasonable in scope and duration

Q23) A clause in a contract that shifts the risk for the consequences of certain losses or injuries from one party to another is known as a/an C. qualifier clause

Q24) Answer is B.The clause does not eliminate liability for negligence as a matter of public policy

Q25) With regard to 'legality", the dispute over daily fantasy sports DraftKings and FanDuel centers on whether they involve D. skill

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