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      mrsjuarros Channel

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      mrsjuarros Quiz Channel

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      Quizzes Created: 1

      Total Views: 861

      Newest Quiz: Contracts Law

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      Contracts Law
      myStudiyo Media
      Question
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      Contracts Law
      Points for Question
      100
      My Score
      0
      Hi Score
      1,100
      What is a proposal by one party to another intended to create a legally binding agreement?
      Wrong
       of players answered correctly.
      • a firm offer

      • a revocation

      • an acceptance

      • a mirror image

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      Comments:
      1. What is a proposal by one party to another intended to create a legally binding agreement?
        1. a firm offer
        2. a revocation
        3. an acceptance
        4. a mirror image
      2. A new offer where the terms of an original offfer were changed is called?
        1. a firm offer
        2. death
        3. a counteroffer
        4. a mirror image
      3. The right to withdraw an offer before it is accepted is called?
        1. a firm offer
        2. a revocation
        3. a mirror image
        4. insanity
      4. What rule requires that the terms in the acceptance exactly match the terms in the offer?
        1. a revocation
        2. a counteroffer
        3. a firm offer
        4. a mirror image
      5. What type of contract requires the offeree to accept by promising to perform an act?
        1. unilateral
        2. bilateral
        3. counteroffer
        4. insanity
      6. What mental state of an offeror terminates their offer?
        1. death
        2. acceptance
        3. insanity
        4. bilateral
      7. An offer is no longer binding in case of the _____ of an offeror?
        1. an acceptance
        2. unilateral
        3. a revocation
        4. death
      8. What is the only form of contractual communication that becomes effective when it is sent?
        1. an acceptance
        2. an offer
        3. death
        4. unilateral
      9. What type of contract requires the offerree to accept by preforming a specific act?
        1. unilateral
        2. bilateral
        3. firm offer
        4. counterioffer
      10. The threat to engage in illegal conduct to win agreement is always considered?
        1. sue
        2. genuine
        3. duress
        4. unavoidable
      11. Any time you agree to exchange things of value you create a
        1. offer
        2. acceptance
        3. contract
        4. genuine agreement
      12. The thing of value promised to one party in exchange for something else of value.
        1. consideration
        2. contract
        3. genuine agreement
        4. legality
      13. A promise not to do something
        1. consideration
        2. nominal consideration
        3. legal value
        4. forebarance
      14. What is a token amount of money given as consideration?
        1. nominal consideration
        2. consideration
        3. forbearance
        4. gift
      15. What is the most common form of legal value?
        1. promise
        2. exchange of two benefits
        3. gift
        4. nominal consideration
      16. What is a change in a party's legal position as a result of a contract?
        1. legal value
        2. nominal consideration
        3. consideration
        4. exchange of two benefits
      17. What is a crime based on misrepresentation called?
        1. concealment
        2. innocent
        3. fraud
        4. mutual
      18. What is a substitute for a false statement of fact called?
        1. concealment
        2. fradulent
        3. injury
        4. innocent
      19. What must be proved to establish fraud?
        1. innocence
        2. injury
        3. material facts
        4. mutual mistakes
      20. What are important details that influence the parties' contract decisions?
        1. concealment
        2. material facts
        3. concealment
        4. silence
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