4th Contracts - Offer and Acceptance

4th Contracts

- Offer and Acceptance

- Termination of Contracts

Multiple Choice

The person making the offer is called the

• Offeree

• Offeror

• Sender

• Giver

Multiple Choice

The person receiving the offer is referred to as the

• Offeror

• Offeree

• Receiver

• Acceptor

Multiple Choice

In order to enter into a contract how old do you have to be for it to be enforceable in court?

• 21

• 19

• 18

• 16

Multiple Choice

What is an example of a contract?

• Employment contract

• Sales contract

• Rental contract

• All of the above

Multiple Choice

What is the first element of a contract?

• Consideration

• Capacity

• Offer

• Acceptance

Multiple Choice

When one or both parties fail to perform their duties in the contract.

• Implied

• Breach

• Requisition

• Duress

Multiple Choice

What is a counter offer?

• A further offer made by the original offeror.

• Where a party seeks to introduce a secondary or ancillary agreement to the original contract.

• Where a party seeks to change or vary terms of the original offer or seeks to introduce a new term(s).

• A rejection and withdrawal of the original offer.