Unit 2 Review
Quiz by Clifford Hamrick
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19 questions
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- Q1Which is not a element of a contract?ValidConsiderationLegalityOffer30s
- Q2Which is not a element of a contract?Genuine AgreementAssignmentCapacityAcceptance30s
- Q3Which is not a way to terminate an offer?Destruction of Subject MatterCounterofferDeathCompletition30s
- Q4What is one of the requirements of an offer?LengthyCommunicatedFollows a formatSecretive30s
- Q5Offer has to match acceptance is what rule?Acceptance RuleMirror Image RuleSame RuleIdentical Rule30s
- Q6Silence is acceptance?NoYes30s
- Q7Which does not violate genuine agreement?DuressUndue InfluenceInnocent MisrepresentationExcitement30s
- Q8What are the characteristics of fraudulent misrepresentation?Deception, gain, timelyDeliberate, deception, gainDaunting, deliberate, gainGain, deception, money30s
- Q9Who is most likely to have capacity?Old PeopleMentally IncapacitatedMinorsIntoxicated30s
- Q10What is the severing of the parent-child relationship?RatificationReleaseFreedomEmancipation30s
- Q11What is consideration an exchange of?Goods and moneyBenefits and detrimentsStuffServices and money30s
- Q12A gambling contract may violate which element of a contract?ConsiderationGenuine AgreementLegalityCapacity30s
- Q13Which contract does not have to be in writing?Buying a wife/husbandBuying a small piece of land for a poolBuying a car that will take 2 years to makeBuying a $400 pie face game30s
- Q14A contract with a minor is?VoidableVoidUnenforceableValid30s
- Q15Completing a project is discharging a contract by how?PerformanceImpossibility of performanceAgreementOperation of Law30s