Law Unit 4 - Contracts

Law Unit 4 - Contracts

Assessment

Flashcard

Social Studies

10th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

Any agreement enforceable by law

Back

Contract

2.

FLASHCARD QUESTION

Front

The law that requires certain agreements be in writing is called the:

Back

Statute of frauds

3.

FLASHCARD QUESTION

Front

Which of these is NOT one of the required elements of a contract? Genuine agreement, Capacity, Exchange of money, Legality

Back

Exchange of money

4.

FLASHCARD QUESTION

Front

The thing of value promised to be exchanged by parties is known as....

Back

Consideration

5.

FLASHCARD QUESTION

Front

The mirror image rule means that:

Back

The terms of acceptance must match the exact terms of the offer

6.

FLASHCARD QUESTION

Front

Not all agreements are contracts, but...

Back

All contracts ARE agreements

7.

FLASHCARD QUESTION

Front

A contract with a promise made by one party to do something after something else happens is a ...

Back

Unilateral Contract

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