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Exam 12: The Legality of Agreements

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Question 31

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A contract with an licensed professional is never enforceable.

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Question 32

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As long as both parties agree,it is legal to charge any interest rate for an ordinary loan.

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Question 33

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An exculpatory clause in an employment contract is not enforceable if the clause is against public policy.

Jake and John make an illegal contract that unjustly enriches Jake at the expense of John.A court will

Gambling debts will be enforced even if their enforcement violates a statute.

Unconscionable means unethical or unfair.

Rolf is an emergency medical technician. Medical personnel such as Rolf are pro?hibited by state statute from working more than a certain num?ber of consecutive hours. One month,Rolf works more than the legal limit. Rolf

Smitty enters into an illegal bargain with Taylor.Smitty can enforce the con?tract or re?cover its value if he has been induced to enter into the bar?gain as a result of

A covenant not to compete included in the sale of an ongoing business is unenforceable.

A contract between Kim and Larry to lease residential property contains an ex?cul?patory clause.This clause is

Frugal Insurance Company sells a policy to Grover Company,in?suring the life of one of Grover's key executives. When the executive dies,Frugal re?fuses to pay,noting that it was not licensed to sell insurance in Grover's state and arguing that thus,its policy cannot be enforced. Grover can recover

A contract between Lou and Mike requires a transfer of stolen goods for counterfeit currency.This contract is

Gloria,the owner of a manufacturing company with declining sales,pays Sandra $10,000 in exchange for her written agreement to murder the president of a competi?tive company with increasing sales. Sandra keeps the money without doing any?thing more. Gloria will be able to recover the $10,000

At Glamour Mattress Store,Robbie signs a contract to buy a suite of bedroom furniture.The contract sets a schedule of $500 monthly payments,subject to a late fee of 150 percent.Glamour's salesperson hurries Robbie through the deal,giving her no opportunity to read the contract.This is most likely

The main problem with contract reformation is that

All forms of gambling are legal in all states.

In State X,persons must be at least eighteen years old before they can purchase alcoholic beverages.The state also has passed a law requiring that persons who prepare and serve liquor in the form of drinks in com?mercial establishments be licensed.The only requirement for obtaining a yearly license is that the person be at least eighteen years old.Moffitt,aged thirty-five,is hired as a bartender for Lone Star Restaurant. Bekins,an alumnus of State X University,brings twenty of his friends to the restaurant to celebrate State X U's football victory.Bekins or?ders four rounds of drinks,and the bar bill exceeds $200.When Bekins learns that Moffitt has failed to renew his bartender's license,Bekins re?fuses to pay,claiming the contract is unenforceable.Is Bekins correct? Explain.

Cross-Country Trucking Company contracts with Baldwin to transport crated goods to a certain destination for $5,000.Cross-Country delivers the crates,but Baldwin does not pay.Cross-Country learns that the crates contained stolen goods.Cross-Country can

A covenant not to compete is never enforceable.

Gambling involves the distribution of property by chance.