Quiz 1 Ang w Adm i Biu

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

• Oral

• Unenforceable

• Valid

• Written

Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:

• Valid

• Bona fide

• Illegal

• Void

How can an acceptance to an offer be made?

• Written words

• Spoken words

• Conduct

• All of these

Complete the sentence.

…… a rental agreement to live in an apartment for one year is a kind of contract.

• Writing

• Signing

• Stamping

• Sketching

Complete the sentence.

A customer …… into a contract each time s/he makes a purchase.

• enters

• goes

• joins

• becomes

Complete the sentence.

A contract is initiated when a person makes an offer to buy something and the seller …… his or her offer.

• agrees

• accepts

• includes

• signs

Complete the sentence.

A contract has been created when both the buyer and the seller have agreed that there will be some kind of …….

• service

• application

• consideration

• business

Which of the following is not one of the requirements of a valid offer?

• made seriously
• definite and certain
• put in writing
• communicated to offeree

A voidable contract 

• has no seal
• is not in writing
• has no legal effect at all
• can be voided by at least 1 of the parties

People sometimes enter into these contracts without exchanging a word. Occurs when we get gas sometimes.

• expressed
• implied
• bilateral
• unilateral