Contract

What is a contract

• An agreement between two people

• An agreement between two or more people

• A legally binding agreement between two or persons

• An agreement between two or more parties that are not ready to make up their minds

For a contract to be legally binding, it must have

• Offer, acceptance, and something given in exchange

• Offer, acceptance and offeror

• Offer, acceptance and offeree

• Offer, acceptance and parties

A simple contract can be

• It must be in writing

• It must not be in writing

• It can be verbal, or written or implied

• It must be implied only

Which three conditions must a speciality contract have?

• Signed, sealed and written

• Delivered, Sealed and stamped

• Signed, Sealed and Delivered

• Signed, Delivered and Sent

Which are parties to a contract

• Offer, acceptor and offeror

• Offeror, offeree, and acceptor

• Offeree, acceptor, and witness

• offeror, offeree and witness

Which best describes and offer

• Change given in church

• A proposal that is written and signed, sealed and delivered

• Taking the money from something for something

• A proposal made by one person to someone else

Which of the following is a conditions of an offer

• It must be uncertain

• It must be specific

• It must not be received

• It must be written

When someone accepts and offer they:

• Willingly decides to agree to it

• Forcefully decides to agree to it

• Not sure if they want to agree to it

• Gives you another offer

One condition of acceptance is:

• It is not an accepted until it is received by the offeror by mail

• It can be made by misconduct

• It must be the same as the offer

• It must be uncertain

If you make an offer to the offeree and they make you an offer, that is called

• another offer

• counter offer

• Two offers

• Double offers