Contract Law - Unit 3

What is the main topic of Unit 3?

• Criminal Law

• Contract Law

• Family Law

• Property Law

Fill in the blank: Unit 3 focuses on ________ Law.

• Criminal

• Contract

• Family

• Property

What is a contract?

• A verbal agreement

• Any agreement enforceable at law

• A handshake

• A written promise.

Which element of a contract ensures that both parties have agreed to the terms?

• Genuine Agreement

• Coercion

• Force

• Pressure

In contract law, an 'Offer' is a proposal by one party to another intended to create a _________.

• A) casual agreement

• B) legally binding contract

• C) non-binding suggestion

• D) temporary arrangement

Which of the following best describes an 'Offer'?

• A casual suggestion

• A legally binding contract

• A proposal by one party to another

• A non-binding agreement.

Which of the following is true about contracts? A) They must always be in writing B) They can include illegal terms C) They cannot include illegal acts D) They are always verbal.

• They must always be in writing

• They can include illegal terms

• They cannot include illegal acts

• They are always verbal.

What is an Express Contract?

• A contract stated in words, either oral or written.

• A contract that comes from actions of the parties.

• A contract that is always written.

• A contract that is always oral.

A written contract allows parties to know the exact terms of the contract and provide proof it was made. True or False?

• True

• False

Which of the following statements is true about serious intent?

• It can be made as a joke.

• It cannot be made in the heat of anger.

• It is always an invitation to negotiate.

• It is the same as a newspaper advertisement.