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an offerors subjective intent determines the validity of an offer
F
only public officials prosecute criminal defendants
T
criminal liability depends on a specific state of mind
T
if a person does not know he or she is taking the property of someone else, the person cannot be convicted of theft
F
obtaining another persons phone card so that it may be used to make unauthorized long distance phone calls is theft
T
crimes occuring in a business context are populary referred to as blue collar crime
F
embezzlement can be commited only by physically taking property from another
F
a bribe need not consist of money to be a crime
T
a person may not be responsible for a criminal act if, as a result of a mental defect, he or she did not appreciate the wrongfulness of the act
T
a mistake of fact is a defense to a criminal liability
T
most crimes must be prosecuted within a certain period of time
T
under the fifth amendment, there is no circumstance in which a person can be compelled to testify
F
stealing computer data is not a crime unless the data is altered or eraseed
F
a promise is an assertion that one will or will not do something in the future
T
under the theory of objective contracts, the intention to enter a contract is judged by objective facts as interpreted by a reasonable person
T
contract disputes rarely arise over future performance
T
parties with contractual capacity may form an enforcable contract
F
three elements, agreement, consideration and contractual capacity are sufficient to form a binding contract
F
there are no exceptions to the rule that contracts voluntarily entered will be enforced
F
offers may not be revoked before they are accepted
F
an express contract must be in writing
F
a voidable contract is a valid contract that can be avoided at the option of at least one of the parties to it
T
an otherwise enforcable contract may be unenfocable if not in writing.
T
when the words in a contract have more than one meaning, they are interpreted agains the party who drafted the contract
T
a contracts general intent will usually be subordinated to specific clauses in the contract
F
an advertisement \"this property for sale\" is an offer
F
the communication of an offer can be done by any effective means
T
the communication of an offer can be done by any effective means
T
no offer can be acceted by silence
F
in contract law consideration refers to the courtsey that one party shows to another in accepting a deal
F
if a promise is made it will be enforced
F
inadequate consideration may reflect a lack of bargained for exchange
T
recission is the substitution of one pary to a contract for a third party, who agrees to assume contractual duties
F
normally a court of law will not question the adequacy of consideration
T
two parties can mutually agree to rescind a contract if it is executory
T
an accord and satisfaction requires the amount of a debt must not be in dispute
F
a release does not require consideration to be legally binding
F
some states provide for the termination of minority status on marriage
T
in general minors are not held personally liable for their contracts
T
if a minors dissafirms a contract, he or she must dissafirm the entire contract.
T
a minor can only dissafirm a contract after reaching the age of majority
F
a minor may accept and validate a contract with an adult
T
food is the only thing that curts have defined as a necessary
F
parents a re required by law to provide neccessaries to minor children
T
a person who enters into a contract while intoxicated can void it if they did not understnad the legal consequences
T
a guardian cannot enter into a legally binding contract on behalf of a mentally incompetent person
F
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