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2 Written questions

2 Multiple choice questions


  1. There must be a serious, definite offer to contract. The terms of the offer must be accepted by the party whom it was communicated.

  2. The agreement must involve both sides receiving something of legal value as a result of the transaction.

2 True/False questions

  1. genuine assent
    The agreement (offer and acceptance) must not be based on one party's deveiving another, on an important mistake, or on the use of unfair pressure exerted to obtain the offer and acceptance.

          

  2. writing
    To have a completely enforceable agreement, the parties must be able to contract for themselves rather than being forced to use parents or legal representatives.