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5 Written Questions

5 Matching Questions

  1. Implied Contract
  2. Meeting of the Minds
  3. Voidabale
  4. Express Contract
  5. Offer
  1. a
    A contract whos terms are stated by the party. (verbal or written)
  2. b
    avoidable, subject to disaffirmance, defective but not valid
  3. c
    contract implied in fact, which the law infers from the circumstances , conduct,acts, or the relationshipsof the parties rather than their spoken words. 2. contracts implied in law which are quasi contracts or constructive .
  4. d
    The mutual assent of the parties to a contract with respect to all the prinicipal terms of the contract
  5. e
    A proposal made with the purpose of obtaining and acceptance, therby creating a contract.

5 Multiple Choice Questions


  1. A contract that is not written. Unless the asubject of the contract is covered by the statuate of frauds, it is jsut as valid as a written contract

  2. A signed, written contract

  3. a sum agreed upon by the parties at the time of entering into a contract as being payable by way of compensation for loss suffered by the event of a breech of contract

  4. Acceptance of an offer takes place when the accaptance is mailed

  5. The accent by the person to whom an offer is made, to the offer as made by the person making it.

5 True/False Questions

  1. OfferEE
    a person to whom an offer is made

          

  2. Consideration
    in both contract and tort a remdy that restores the status quo

          

  3. Void Contract
    A contract that creates no legal rights= no contract at all.

          

  4. Third party benigivisry contract
    A contract in which there is a promise on one side only, the consideration being an act rather than a promise.

          

  5. Unilateral Contract
    A contract in which there is a promise on one side only, the consideration being an act rather than a promise.

          

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