Practice Quiz

Paralegal Exam Prep - Question List

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66. What is an implied in fact contract?
  1. An implied in fact contract is an agreement that is not supported by past consideration.
  2. An implied in fact contract is an agreement that is supported by past consideration.
  3. An implied in fact contract is an unenforceable agreement.
  4. An implied in fact contract is an unwritten agreement.
  5. An implied in fact contract is an agreement that is unwritten and not explicitly stated whose terms result from the actions of the parties involved.
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67. Contracts may be governed by what type of law?
  1. Uniform Commercial Code
  2. Common law
  3. Private law
  4. Civil law
  5. All of the above.
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68. Common law applies to all contracts except:
  1. There is no exception.
  2. Contracts that fall under the UCC.
  3. Contracts for the sale or lease of goods.
  4. Government contracts.
  5. B and C.
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69. As it applies to contracts, what is "private law?"
  1. The provisions of the Uniform Commercial Code.
  2. The provisions of the Uniform Commercial Code as adopted by individual states.
  3. The provisions of the Uniform Sales Act.
  4. A set of rules to which parties to a contract agree that may not otherwise apply to the contract.
  5. Common law.
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70. The Uniform Commercial Code replaced what act?
  1. Uniform Sales Act
  2. Uniform Negotiable Instruments Act
  3. Uniform Conditional Sales Act
  4. Uniform Bills of Lading Act
  5. All of the above.
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