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4th Contracts - Offer and Acceptance

4th Contracts - Offer and Acceptance

Assessment

Presentation

Business

10th Grade

Practice Problem

Medium

Created by

Latoya Cousins

Used 54+ times

FREE Resource

8 Slides • 10 Questions

1

4th Contracts

- Offer and Acceptance

- Termination of Contracts

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4

Multiple Choice

The person making the offer is called the

1

Offeree

2

Offeror

3

Sender

4

Giver

5

Multiple Choice

The person receiving the offer is referred to as the

1

Offeror

2

Offeree

3

Receiver

4

Acceptor

6

Multiple Choice

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

1

21

2

19

3

18

4

16

7

Fill in the Blanks

Type answer...

8

Fill in the Blanks

Type answer...

9

Fill in the Blanks

Type answer...

10

Multiple Choice

What is an example of a contract?

1

Employment contract

2

Sales contract

3

Rental contract

4

All of the above

11

Multiple Choice

What is the first element of a contract?

1

Consideration

2

Capacity

3

Offer

4

Acceptance

12

Multiple Choice

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

1

Implied

2

Breach

3

Requisition

4

Duress

13

Multiple Choice

What is a counter offer?

1

A further offer made by the original offeror.

2

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

3

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

4

A rejection and withdrawal of the original offer.

14

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18

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4th Contracts

- Offer and Acceptance

- Termination of Contracts

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