Contract Law Exam

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

John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?

• Statute of Frauds

• Statute of Limitations

• Statute of realtors

• Uniform Commercial Code

Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?

• donee

• donor

• offeree

• offeror

Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?

• Bilateral

• implied

• unilateral

• void

Agreeing to give false testimony violates which element?

• capacity

• consideration

• legality

• offer

A threat against a person's business would violate which element?

• capacity

• consideration

• genuine agreement

• legality

After being offered a new car at a discount, Macey decided to turn down the offer. How was this contract terminated?

• referral

• refusal

• rejection

• renovation

If the offeror mails an offer to the offeree, and the offeree faxes the acceptance, when will the offer go into affect?

• When offered

• When received

• When sent

• When written

Jenn asked Lucas if he wanted to buy her car for $5,000. Who is Jenn is this transaction?

• donee

• donor

• offeree

• offeror

Lucas' agreeing to accept Jenn's proposal to sell her car is which element of a contract?

• acceptance

• consideration

• rejection

• revocation