Contract Law Quiz

Which of the following is NOT one of the four topics focused on in the document?

• Offer and acceptance

• Consideration

• Duties and enforcement

• Financial planning

Which topic involves the initial proposal in a contract?

• Offer and acceptance

• Consideration

• Duties and enforcement

• Defenses

Which topic deals with the legal obligations in a contract?

• Duties and enforcement

• Offer and acceptance

• Consideration

• Defenses

Which of the following is a key element in forming a contract?

• Offer and acceptance

• Financial planning

• Verbal agreement

• Informal discussion

What is NOT considered an offer?

• A negotiation

• An advertisement

• A willingness to bargain

• A verbal agreement

What is one way a party can accept an offer?

• By ignoring the offer

• By starting performance

• By rejecting the offer

• By delaying response

Until when can the party who accepts an offer back out?

• Until the offer is made

• Until performance begins

• Until the contract is signed

• Until the offer is rejected

What is required for both parties in a contract under consideration?

• To receive a gift

• To receive something valuable

• To receive a promise

• To receive a service

What might a court do if a contract is deemed unconscionable?

• Enforce the contract

• Void the contract

• Rewrite the contract

• Ignore the contract

What did the New Jersey court rule regarding the surrogacy contract in the case of Baby M?

• Valid according to public policy

• Invalid according to public policy

• Valid but unenforceable

• Invalid but enforceable