LEB Test (11-15-2024)

Front

The offeree is the one accepting the offer.

Back

True

Front

The offeror is the one making the offer.

Back

True

Front

The requirement of a legally enforceable contract that states "to have a completely enforceable agreement, the parties must have the legal ability to contract for themselves." is

Back

capacity

Front

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

Back

Oral

Front

In a contract where Jim purchases a rare antique piece for $5,000, who is Jim?

Back

offeree

Front

Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?

Back

unilateral

Front

Jenn asked Lucas if he wanted to buy her car for $5,000. Who is Jenn in this transaction?

Back

offeror

Front

Lucas' agreeing to accept Jenn's proposal to sell her car is which element of a contract?

Back

acceptance

Front

What is an example of a contract? Options: Employment contract, Sales contract, Rental contract, All of the above

Back

All of the above

Front

What is the first element of a contract?

Back

Offer