Contracts Quiz

A contract formed by the conduct of the parties rather than by explicit words is:

• Unilateral contract

• Express contract

• Executed contract

• Implied contract

A contract that is legally binding and enforceable is:

• Voidable contract

• Unenforceable contract

• Valid contract

• Executed contract

Quasi-contracts are:

• Actual contracts

• Implied contracts

• Unilateral contracts

• Executed contracts

A contract formed through spoken or written words is known as:

• Unilateral contract

• Express contract

• Implied contract

• Executed contract

A contract that lacks a clear and definite agreement is:

• Voidable contract

• Unenforceable contract

• Void contract

• Executed contract

A contract that is valid but may be set aside at the option of one of the parties is:

• Unilateral contract

• Voidable contract

• Executed contract

• Quasi-contract

A contract that has not been fully performed by one or more parties is:

• Executed contract

• Unilateral contract

• Executory contract

• Void contract

Contracts that have been fully performed by all parties are:

• Unilateral contracts

• Executed contracts

• Executory contracts

• Implied contracts

Contracts that involve a promise to do something in the future are:

• Executed contracts

• Unilateral contracts

• Executory contracts

• Implied contracts

An example of an implied contract is:

• Buying a car from a dealership

• Purchasing goods online

• Finding a lost item and returning it

• Signing a lease agreement