Contract Law Quiz Alex Jakob Noah Katie

What is NOT an element of contract law?

• Offer

• Acceptance

• Response

• Consideration

Oral Contracts are legally binding

• True

• False

Contract law is governed by common law and

• Unified Commerce Contracts

• Universal Contractual Code

• Uniform Commercial Contracts

• Uniform Commercial Code

What would happen if you breach a contract?

• Legal action to be taken

• Repercussions (such as fines)

• Nothing

• A and B

What do contracts contain?

• Title

• Description of projects

• List of delivery dates

• All of the above

Bob negotiated a deal to have his deck re-sanded and painted, with a carpenter. They did not sign a written agreement. The carpentered showed up at the house on the scheduled day and another carpenter had already started to work. Was there a contract?

• Yes

• No

A contract can be taken away, or ________ by the party which offered the contract until the other party agrees.

• Accepted

• Revoked

• Submitted

• Returned

Cindy was fired from her job and sued because she thought there was discrimination behind her firing. Right as they were about to sign the outline for the settlement, she backed out and wanted to go to court. Does she have the right to go to court?

• Yes

• No