Business Law Questionnaire

Business Law Questionnaire

 
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Name: Class: Date: True False Section True False Section (26 Questions) Indicate whether the statement is True or False. ON YOUR ANSWER SHEET WRITE EITHER TRUE OR FALSE AS AN ANSWER. 1 POINT EACH. TOTAL 26 POINTS. 1. Consequential damages are foreseeable damages that arise from a party’s breach of a contract. a. True b. False 2. When a contract’s writing is not clear, a court will not consider evidence outside the contract to interpret its terms. a. True b. False 3. A covenant not to compete is enforceable only if it is reasonable in duration and geographic area. a. True b. False 4. Generally, acceptance is terminated when a party to the agreement dies. a. True b. False 5. Contracts entered into by persons previously determined by a court to be mentally incompetent can be valid. a. True b. False 6. A contractual mistake of fact