Business Law Final Fall2021

• Contract

• Your Final

• Divorce

• Consideration

To withdraw

• revoke

• change your mind

• accept

A person promising an action or forbearance is a promisee.

• True

• False

A person to whom the promise is made is a promisor.

• True

• False

The party has a legal right to get back what has already been put into the contract is Rescission.

• True

• False

Obtaining money or other property from a person by wrong use of force, fear or power of office.

• extortion

• black mail

• conspiracy

• embezzlement

(in order) Freedom from prosecution ; panel of citizens, agreement with prosecutor allowing defendant to plead guilty.

• jury, immunity, plea bargain

• immunity, jury, plea bargain

• plea bargain, immunity, jury

• all

Defined by law to mean the ability to understand the consequences of a contract.

• Knowledge

• Contractual Capacity

• Common Sense

• Stability

The state of being below the age of Majority.

• Under 19-21

• minor

• minority

• age 22 and above.

Consideration is what the promisor demand/receives to make his or promise legally enforceable true or false.

• True

• False