General rule of non liability for nondisclosure

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Reference no: EM132229509

1. Which is not an exception to the general rule of non liability for nondisclosure?

confidential relationship

unknown condition

known defect

active concealment

2. Which of the following is not an exception to the consideration requirement?

firm offers

certain sections under the Uniform Commercial Code

option contracts

doctrine of promissory estoppel

charitable subscriptions

3. Friar Tuck was upset that some of his gold and food had been stolen so he posted a reward of $5,000 for the capture of Robin Hood. Sheriff Nottingham saw the reward hanging on a tree. Sheriff Nottingham set a trap in the forest and captured Robin Hood as he was riding with Little John. Sheriff Nottingham called the number listed on the reward and demanded that he be given the money. Friar Tuck refused because there was not any contract for lack of consideration. Later, Sheriff Nottingham sued Friar Tuck.

This is an example of ________________________.

a moral obligation

the doctrine of promissory estoppel

an illusory promise

past consideration

a preexisting legal obligation

a compromise and release of claim

Reference no: EM132229509

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