Ch. 6 Business Law

Front

Which of the following is NOT a requirement to a legally enforceable contract? Genuine Assent, Capacity, Consideration, Intent

Back

Intent

Front

Which of the following is NOT a requirement to a legally enforceable contract?
Legality, Offer & Acceptance, Writing

Back

Performance

Front

Even if an offer is made in ____, if a reasonable person interprets this as an intention to contract, courts may hold that you're making a legally enforceable offer.

Back

Jest

Front

Statements made in anger or terror are NOT legally enforceable.

Back

True

Front

Information that is communicated merely to induce someone to initiate bargaining.

Back

Preliminary Negotiations

Front

Your crush has finally agreed to go on a date with you. It's finally happening. You spend a good chunk of money to prepare, book reservations, etc. You're so excited....then they bail. True or false: this was an enforceable contract and you have the right to sue.

Back

False

Front

True or false: your parents made a deal to purchase a car for you without your knowledge, and you wish to return it but the seller refuses to refund you.

Back

This was never an enforceable contract and the seller must refund you the money upon returning the car.

Front

If terms of the contracts (i.e. particular items) are not specifically listed in the contract, courts may find it is not legally enforceable because the terms were not ______.

Back

Definite

Front

Which of the following is NOT a way in which a contract can be terminated: Revocation, Natural Disaster, Time Stated, Reasonable Length of Time?

Back

Natural Disaster

Front

Which of the following is NOT a way in which a contract can be terminated: Rejection, Counteroffer, Death/Insanity, Transfer of Ownership?

Back

Transfer of Ownership