Contracts

Flashcard
•
Social Studies
•
7th - 8th Grade
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
The person making the offer is called the
Back
Offeror
2.
FLASHCARD QUESTION
Front
A contract that amounts to nothing and has no legal effect is
Back
unenforceable
3.
FLASHCARD QUESTION
Front
This element refers to someone's mental ability to enter into a contract.
Back
capacity
4.
FLASHCARD QUESTION
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
5.
FLASHCARD QUESTION
Front
To be effective, an offer must be communicated to the
Back
offeree
6.
FLASHCARD QUESTION
Front
If a valid offer is met with a valid acceptance, the result is
Back
genuine agreement
7.
FLASHCARD QUESTION
Front
What type of contract occurs when people enter into agreements without exchanging a word, such as when getting gas?
Back
implied
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