Contract

The person making the offer is called the

• Offeree

• Offeror

• Sender

• Giver

The person receiving the offer is referred to as the

• Offeror

• Offeree

• Receiver

• Acceptor

Which of the following is NOT an elements of a contract?

• Capacity

• Consideration

• Valid

• Acceptance

In order for a contact to be effective, an offer must be communicated to the

• Attorney

• Offeree

• Lender

• Offeror

In order to enter into a contract. You must be__________ years for the contract to be for it to be enforceable in court

• 21

• 19

• 16

• 18

A contract may be defined as:

• A legal binding agreement between both parties that is enforceable by law

• A agreement that cannot be avoid between parties

• Is an offer between two parties that is enforceable by law

• A social agreement between both parties with legal obligations

A specialty contract is

• Must have consideration to be enforced

• A contract made by deed, sign, sealed and delivered

• A contract that is verbal

• A contract that is made by a minor

A contract may be terminated, by the following:

• Breach of contract

• Death

• Performance

• All of the above

Both parties have fulfilled their contractual obligations is known as

• Performance

• Contract

• Damages

• All of the above

___________contracts may be express verbal or written or implied.

• Simple contract

• Contract of Record

• Oral contract

• None of the above