Contracts

Front

The person making the offer is called the 

Back

Offeror

Front

The person receiving the offer is referred to as the 

Back

offeree

Front

A contract that amounts to nothing and has no legal effect is

Back

void

Front

Which of the following is not 1 of the 6 elements of a contract? capacity, consideration, valid, genuine agreement

Back

valid

Front

This element refers to someone's mental ability to enter into a contract.

Back

capacity

Front

Which of the following is not one of the requirements of a valid offer? Options: made seriously, definite and certain, put in writing, communicated to offeree

Back

put in writing

Front

A contract that contains a promise by both parties is

Back

bilateral

Front

To be effective, an offer must be communicated to the 

Back

offeree

Front

If a valid offer is met with a valid acceptance, the result is

Back

genuine agreement

Front

A reward offer is an example of what type of a contract?

Back

unilateral