Contracts
These are the two main elements required to form a legal contract.
What are Offer and Acceptance?
An unwritten promise that an item will perform in an average way for that type of item.
What is the Warranty of Merchantability?
This is the maximum amount of money a bank allows you to spend on a specific credit card.
What is a Credit Limit?
This strategy uses words like "virtually" or "nearly" to avoid making a specific guarantee.
What are Weasel Words?
Name teams in the sweet 16 right now (100 points per team)
This term refers to the exchange of something of value between parties in a contract.
What is Consideration?
This is a seller’s statement of opinion or exaggeration that does not create a legal warranty.
What is Puffing?
This type of credit requires the borrower to pledge property (collateral) to get the loan.
What is Secured Credit?
This advertising technique uses symbols like family, wealth, or success to make a product more appealing.
What is Associating Products?
This character, built the panicked pessimist, C-3PO, when he was just a boy
Who is Anakin Skywalker?
This type of contract remedy requires the seller to carry out the exact terms of the agreement, usually used for unique services.
What is Specific Performance?
This implied warranty arises when a consumer tells a seller they need an item for a specific, non-standard use.
What is the Warranty of Fitness for a Particular Purpose?
This number is required whenever you use a debit card to take money directly from your checking account.
What is a PIN?
This advertising strategy suggests that "everyone is using the product," so you should too.
What is the Bandwagon effect?
This country, know for being the smallest in the world by land area, is also home the Papacy
What is the Vatican City?
This rule states that contracts for the sale of goods over this specific dollar amount must be in writing.
What is $500?
This is an attempt by a seller to limit their responsibility or exclude certain warranties, often using terms like "As Is."
What is a Disclaimer?
This federal legal procedure allows a person to be relieved of their debts under court supervision.
What is Bankruptcy?
A loan used specifically to purchase land or buildings.
What is a Mortgage?
This type of scientist, probably takes the phrase "do you live under a rock" seriously.
What is a geologist?
Because they are protected by law, this group of people can usually disaffirm or cancel contracts they enter into.
Who are Minors?
This type of warranty only covers the most major elements of a vehicle like the engine or transmission.
What is a Powertrain limited warranty?
This is one of the main reasons that people get a credit card in the first place.
What are rewards?
This is a rental contract where you pay a monthly fee to drive a car but do not own it.
What is a Lease?
This player was the latest to win the John Wooden award (basketball version of Heisman) as a true freshman.
Who is Cooper Flagg?