Leigh contracts with Klausen, a financial planner who is required by the state to have a license. Klausen does not have a license. Their contract is enforceable if

Leigh contracts with Klausen, a financial planner who is required by the state to have a license. Klausen does not have a license. Their contract is enforceable if

a) leigh does not know that Klausen is required to have a license
b) Klausen does not know that he is required to have a license
c) the purpose of the statute is to protect the public from unlicense practitioners
d) the purpose of the statue is to raise government revenue

Answer: D

Sam leases real property from Regina under an agreement that includes an exculpatory clause. This clause is likely unenforceable

Sam leases real property from Regina under an agreement that includes an exculpatory clause. This clause is likely unenforceable 

a) as a matter of public policy
b) if either party is in a business important to the public interest
c) if the lease involves commercial property
d) none of these choices

Answer: A

Franz signs a covenant not to compete with his employer, Gifts n More corporation. This covenant is enforceable if it

Franz signs a covenant not to compete with his employer, Gifts n More corporation. This covenant is enforceable if it

a) is not ancillary to the sale of business
b) is reasonable in terms of geographic area and time
c) is supported by consideration
d) requires both parties to obtain business licenses

Answer: B

Luke is an unlicensed contractor in a state that requires a license to protect the public from unauthorized contractors. Kirkpatrick hires Luke to build an office building. This contract is

Luke is an unlicensed contractor in a state that requires a license to protect the public from unauthorized contractors. Kirkpatrick hires Luke to build an office building. This contract is

a)enforceable only after Kirkpatrick learns of Lukes status
b) enforceable only before Kirkpatrick learns of Lukes status
c) enforceable only if no problems arise
d) unenforceable

Answer: D