Which of the Following Statements Is Correct with Respect to the Legality

question 73

Multiple Choice

Which of the following statements is correct with respect to the legality of contracts?

• A) An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.
• B) A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which the court considers morally unacceptable.
• C) When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources, this is legally permissible as long as they intend their promises to be legally binding.
• D) Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
• E) An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.

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Definitions:

Retrieve

The action of getting something back or regaining possession.

Selective Attention

The process of focusing on a particular object in the environment for a certain period of time, while ignoring irrelevant information.

Noisy Restaurant

A dining establishment with high levels of background noise, often impacting the dining experience and conversation.

Conversations

The informal exchange of ideas by spoken words between two or more people.