Honesty and transparency

Protecting one's own interests

Avoiding conflict

Achieving a win-win outcome

Acting in a fair and reasonable manner

Disclosing all relevant information

Avoiding coercion or undue influence

All of the above

To disclose all material facts that may affect the negotiation

To disclose all information that the other party requests

To disclose only information that is specifically required by law

None of the above

A misrepresentation is an intentional false statement, while a fraudulent misrepresentation is a negligent false statement.

A misrepresentation is a statement of fact, while a fraudulent misrepresentation is a statement of opinion.

A misrepresentation is made to induce the other party to enter into the contract, while a fraudulent misrepresentation is made to induce the other party to enter into a specific term of the contract.

None of the above

Rescission of the contract

Damages

Injunction

All of the above

A contract is unconscionable if it is so one-sided that it shocks the conscience of the court.

A contract is unconscionable if it is entered into under duress or undue influence.

A contract is unconscionable if it is illegal or violates public policy.

All of the above

To protect confidential information disclosed during negotiations.

To prevent the other party from using the information for their own benefit.

To ensure that both parties have equal access to information.

All of the above

A warranty is a promise that a certain fact is true, while a representation is a statement of opinion.

A warranty is made before the contract is entered into, while a representation is made after the contract is entered into.

A warranty is enforceable, while a representation is not.

None of the above

The non-breaching party can terminate the contract.

The non-breaching party can sue for damages.

The non-breaching party can seek an injunction to prevent further breaches.

All of the above

The time limit within which a lawsuit must be filed after a breach of contract occurs.

The time limit within which a contract must be performed.

The time limit within which a party can rescind a contract.

None of the above

To help the parties reach a mutually acceptable agreement.

To provide a neutral third party to facilitate communication between the parties.

To help the parties identify and resolve their underlying interests.

All of the above

Arbitration is a private dispute resolution process, while litigation is a public dispute resolution process.

Arbitration is binding on the parties, while litigation is not.

Arbitration is typically faster and less expensive than litigation.

All of the above

To advise clients on their legal rights and obligations.

To help clients negotiate and draft contracts.

To represent clients in mediation and arbitration.

All of the above

Lawyers must act in the best interests of their clients.

Lawyers must be honest and transparent with the other party.

Lawyers must avoid conflicts of interest.

All of the above

Prepare thoroughly for negotiations.

Be honest and transparent with the other party.

Be respectful and professional.

Be willing to compromise.

All of the above