Business Law Practice by YM

Law

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Sample Data

Front A court needs to have either subject matter jurisdiction or jurisdiction over the parties involved before it can hear a particular case. a. This is a true statement. b. This is a false statement.
Back b. This is a false statement.
Front If Peggy, age 15, contracted to buy a diamond ring by mail, the ring manufacturer would not have to send it since the contract is void. a. This is a true statement. b. This is a false statement.
Back b. This is a false statement.
Front Marsha promises Carl $1000 for one of his original paintings on the condition that Marsha receives $100,000 form her mother’s will. Marsha’s promise is: a. illusory b. legally sufficient, unless Marsha knows she cannot inherit the $100,000. c. a conditional promise, which is not sufficient to form consideration. d. Legally inadequate, and the courts will therefore not enforce it. e. None of the above.
Back b. legally sufficient, unless Marsha knows she cannot inherit the $100,000.
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