Contract quiz 9 Word Scramble
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Question | Answer |
An agreement is based upon | An offer and an acceptance. |
A __________ contract is defined as a promise made in exchange for a promise. | Bilateral |
A __________ contract represents a situation where the offeror seeks performance from the offeree to form the contract. | Unilateral |
__________ contracts have all their terms clearly set forth in either written or spoken words. | Express |
A(n) __________ contract may be recognized by a court in order to prevent one party from being unjustly enriched at the expense of another party. | Quasi |
A(n) __________ contract is, in effect, not a contract at all. | Void |
Elements of a valid offer include: | Intent, Definite and certain terms, Communication to the offeree |
Which of the following circumstances will Terminate an offer? | Revocation by the offeror, Rejection by the offeree, Lapse of time or failure of another condition specified in the offer |
The "mirror-image" rule requires that: | The terms of the acceptance must be identical to the terms of the offer. |
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tinafici
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