Legality Of Contracts

3 Questions | Total Attempts: 79

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Contract Quizzes & Trivia

Basic legal concepts


Questions and Answers
  • 1. 
    Charging interest at a rate higher than allowed by law is called
    • A. 

      Usury

    • B. 

      Wagering

    • C. 

      Excessive interest

    • D. 

      Compounding a crime

  • 2. 
    Restitution is
    • A. 

      The enforcement of an agreement

    • B. 

      Getting back something you have given

  • 3. 
    This occurs when there is a grossly unfair contract that parties under ordinary circumstances would not accept.
    • A. 

      Divisible

    • B. 

      Procedural

    • C. 

      Unconsionability

    • D. 

      Allocation