Law Chapter 5 Exam
Flashcard
•
Other, Specialty
•
8th - 12th Grade
•
Practice Problem
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
An oral contract is not enforceable at law.
Back
False
2.
FLASHCARD QUESTION
Front
Advertisement in newspapers, price tags, and signs in store windows are treated by the law as invitations to negotiate. True or False?
Back
True
3.
FLASHCARD QUESTION
Front
An acceptance of an offer to sell goods may not change the terms of the offer if both offeror and offeree are nonmerchants.
Back
False
4.
FLASHCARD QUESTION
Front
A valid contract must contain only four of the six elements of a contract.
Back
False
5.
FLASHCARD QUESTION
Front
Consideration is the legal ability to enter a contract.
Back
False
6.
FLASHCARD QUESTION
Front
The taking back of an offer by the offeror is
Back
revocation
7.
FLASHCARD QUESTION
Front
A contract that amounts to nothing and has no legal effect is
Back
void
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