Game

Which of the following best describes an offer in contract law?

• A statement inviting negotiation

• A promise with clear and definite terms, intending to be legally binding once accepted

• A general announcement about a product or service

• An inquiry about possible contract terms

A statement saying "I might be willing to sell my house" is considered an offer?

• True

• False

Silence in the unilateral contracts does not amount to acceptance

• True

• False

Which of the following is the counter offer?

• Alice offers to sell her car to Bob for $10,000.

• 1. Instead of $60,000, I would be willing to accept for $65,000

• A buyer offers $250,000 for a house

• I will sell the bike to you for $9,000

1. In the case of Thomas v Thomas (1842), why did the court uphold the validity of a contract in which a widow was allowed to stay in her late husband's house for just £1 per year?

• Because the amount paid was fair market value.

• Because the widow had a moral right to stay in the house.

• Because consideration only needs to be sufficient, not adequate.

• Because past consideration is valid.

1. Which of the following scenarios is a valid contract with enforceable consideration?

• A promises to give B $100 as a gift.

• A police officer demands a $500 reward for catching a criminal.

• A creditor agrees not to sue a debtor if they make partial payments.

• A promises to pay B for helping them move their furniture last week.

A and B enter into a contract where A will sell B a car for $5,000. However, before the contract is fulfilled, a new government regulation bans the sale of this specific car model due to environmental concerns. What is the legal status of the contract?

• The contract is still enforceable because consideration has been exchanged.

• The contract is void because the consideration is now illegal.

• The contract is unenforceable unless A agrees to modify the terms.

• The contract can still be enforced if B pays A more money.

Which of the following is required for a valid mutual agreement in a contract?

• One party making an offer

• The other party accepting with modifications

• Clear, unconditional acceptance of the offer

• Silence from the offeree

What happens if a party changes the price while accepting an offer?

• The contract is automatically formed

• It becomes a counteroffer, requiring acceptance by the original offeror

• The original offer remains valid

• The contract is voided immediately