| Elements of a Contract | Characteristics of a Contract | Termination of an Offer | Requirements of Acceptance | Miscellaneous |
|---|---|---|---|---|
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What is a proposal by one party to another intended to create a legally binding agreement.
What is an offer?
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What is something legally good.
Give a definition of what valid means.
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What is Revocation is the taking back of an offer by the offeror. Rejection is when the offeree refuses the offer and brings the offer to an end.
What is the difference between revocation and rejection?
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What is Definite and certainness means that it has to be detailed and states exactly what the contract says.
How would you describe definite and certainness
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What is a cellphone contract
Name a well known contracts for teenagers
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What is Well genuine is something true. A valid offer is met with a valid acceptance.
How would you define a genuine agreement in your own words?
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What is a contract that contains two promises.
Define a bilateral contract
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What is you can withdraw as long as the offeree has not already accepted the offer.
Can you change your mind and withdraw an offer?
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What is I would define serious intent as entering into the contract with a legal obligation.
How would you define serious intent
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What is No it does not. A contract may be valid orally.
Does a contract have to be in writing in order for it to be valid?
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What is Capacity, consideration, legality, offer, acceptance, and genuine agreement.
Name the six elements of a contract.
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What is a bilateral contract.
In which type of contract do both parties, the offeror and the offeree, make promises
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What is a counteroffer
The following statement is an example of what? "If you tell someone I will sell my car to you for $12,000 and that person says I will sell my car for $10,000.
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What is Offers can be made by: telephone, letter, telegram, fax, email, etc.
List five different communication to the offeree.
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What is Minors, mentally impaired people and individuals under the influence of drugs or alcohol.
Who are excused from contractual responsibility?
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What is implied contract.
When you pay for your gas you have what type of contract with the person who you paid your gas to.
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What is the offer comes to an end.
What happens if the offeror dies or becomes insane before the offer is accepted?
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What is invitations to deal, trade, or make an offer.
What is invitations to negotiate?
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What is A contract is any agreement enforceable by law.
Define what is a contract.
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What is An expressed contract.
What contract is oral or written.
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What is Expiration of time.
The following statement is an example of what? "Amy has offered to sell her car for $1,200. Amy tells Franny the offer will remain into effect until noon of the following day.
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