A valid contract must contain at least four of the six elements of a contract.

Consideration is the legal ability to enter a contract.

When a bilateral contract is made, one person makes a promise to do something if and when another person does something.

Contracts for clothing and motor vehicles are examples of exceptions to the mirror image rule.

According to common law, when you send an acceptance over long distances, it is effective three days after it is sent.

A contract that is void has no legal effect.

The Statute of Frauds requires that both parties involved in the contract be honest with each other.

Advertisements in newspapers, price tags, and signs in store windows are treated by the law as invitations to negotiate.

An offer must always be made seriously for it to be legal.

The taking back of an offer by the offeror is:

A contract that amounts to nothing and has no legal effect is:

A contract that contains a promise by both parties is:

To be effective, an offer must be communicated to the:

In order for the acceptance to be legally binding, it must be:

If you wait too long to bring a lawsuit, the court may not uphold it because it could be:

Your friend has lost her bracelet and offers you a reward of $50 if you find it. This is an example of a(n):

In China, when people sign a contract, it means:

In contract law, consideration can be defined as:

Invitations to deal, trade, or make an offer by the seller are considered invitations:

Any agreement enforceable by law is a(n) ____________________.

People sometimes enter into ____________________ contracts without exchanging a word.

Requesting a change in terms is the same as making a(n) ____________________.

The offeree's refusal, or ____________________, of an offer ends that offer.

A contract is ____________________ if it can be canceled by one of the parties.

A(n) ____________________ contract is stated in words and may be either oral or written.

An offer must be definite, communicated to the offeree, and ____________________.

To fully understand the nature of contracts, we must understand the ____________________ that make up a contract.

A valid offer plus a valid acceptance equals a(n) ____________________.

A contract that comes about from the actions of the parties.

The terms stated in the acceptance must match the terms of the offer.

A refusal of an offer by the offeree that brings the offer to an end.

Any agreement enforceable by law.

A response to an offer that changes the terms of the original offer.

Unqualified willingness to go along with an offer.

Contains a promise by only one person to do something when the other party performs some act.

Proposal by one party to another party to enter into a contract.

The taking back of an offer by the offeror.

A contract stated in words; may be oral or written.

Which of the following is not a required element of a contract.

Person's ability to satisfy the elements required for someone to enter binding contracts

A contract between two parties for illegal activities is not valid.