Contract Law: A beginning
Offer and Acceptance
Consideration
Capacity
Legality
100
When a party to a contract fails to perform as a agreed this happens:
What is a breach of contract? (p. 130)
100
An offered who makes a counteroffer becomes the
What is an Offeror? (page 143)
100
True or False: Love and affection are generally considered to be valid consideration.
What is false (page 159)
100
Minors are generally liable for their
What is torts? (page 176)
100
A contract that is grossly unfair
What is unconscionable? (page 196)
200
completely enforceable against all parties unless and until the party legally entitled to avoid it does so.
What is a voidable contract?
200
True or False: The serious illness of an offeror terminates an offer.
What is false? (page 142)
200
An agreement lacking consideration is said to be
What is unenforceable? (page 156)
200
food, clothing and shelter are considered
What is necessaries? (page 174)
200
An agreement not to compete is legal if these two things are reasonable defined.
What is time restriction and geographic scope? (page 194)
300
Four essential elements to create a valid contract.
What is offer and acceptance, consideration, capacity and legality? (pages 128-129)
300
If no time period for acceptance is stated in an offer, the offer ends at the end of a(n)
What is a reasonable time? (page 142)
300
a promise for an act that has already taken place
What is past consideration? (page 159)
300
A contract between a minor and an adult is considered
What is voidable? (page 171)
300
A provision excusing one party from liability for negligence is called
What is an exculpatory clause? (page191)
400
contract implied in law is known as a(n)
What is a quasi contract? (page 134)
400
Written acceptance of an offer generally takes effect when it is
What is properly sent (page147)
400
This doctrine sometimes allows enforcement of a promise even when an offeree gives no consideration for an offeror's promise
What is promissory estoppel? (page 164)
400
This can be done by a minor - orally, in writing, or implied from the minor's actions.
What is ratification by the minor? (page 173)
400
Two parties enter into an agreement that both know is illegal .
What is in pari delicto ? (page 184-85)
500
A contract whose terms are expressed orally or in writing is legally referred to as a(n)
What is an express contract? (page 132)
500
Acceptance is effective in an unilateral contract when
What is offered performs the act requested? (page 146)
500
When a debtor and a creditor are in agreement about how much money is owed, the debt is said to be
What is liquidated? (page 161)
500
an adult appointed by the court to have custody and care of an incompetent party.
What is a guardian? (page 171)
500
These laws require persons to have licenses to practice their occupations
What is Licensing laws? (page 186)
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