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WorksheetsElements of a Contract -Business Law
Total questions: 10
Worksheet time: 5mins
A proposal by one party to another intended to create a legally binding agreement is a(n)
acceptance
genuine agreement
contract
offer
You shouldn't enter into a contract without understanding the legal responsibilities.
True
False
Any agreement enforceable by law is a(n)
acceptance
contract
legality
offer
When an agreement is true and genuine and a valid offer is met by a valid acceptance, it called a(n)
offer
consideration
genuine agreement
express contract
The second party's unqualified willingness to go along with the first party's proposal is a(n)
acceptance
offer
express contract
contract
Anyone entering a contract has the legal capacity to do so
True
False
The law allows parties to enforce contracts that involve illegal acts to commit a crime or tort
True
False
Consideration is the thing of value promised to one party in a contract in exchange for something else of value promised by the other party
True
False
Does a contract have to be in writing to be valid?
Yes
No
Which of these is not apart of the six elements of a contract?
legality
genuine agreement
will theory
capacity
