Thursday
October 30, 2014

Homework Help: Business

Posted by Mike on Thursday, March 13, 2008 at 8:29pm.

Can someone tell me if these are right

The use of exaggeration and argument by a seller to convince a buyer to enter into a contract will usually be considered:
a. fraud.
b. duress.
c. puffery.
d. undue influence.

Answer C puffery

A covenant not to compete will be enforced if it

a. is supported by consideration.
b. is reasonable with respect to duration and geographical scope.
c. does not unreasonably impair the ability of the covenantor to make a living.
d. both b and c.

Answer D both (a&b)

Exculpatory clauses as a group that purport to release parties from all liability are generally upheld by the courts

Answer false

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