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WorksheetsBLAW 2.01
Total questions: 20
Worksheet time: 10mins
1. Molly agrees to buy a set of glassware after talking to the salesman over the phone. What type of contract is this?
A. Oral
B. Unenforceable
C. Valid
D. Written
2. Bill and Sarah agreed at lunch to a contract for landscaping services. Bill did not have the contract form for Sarah to sign. What type of contract is this?
A. Oral
B. Unenforceable
C. Valid
D. Written
3. Mark purchases a piece of rare art from Jill for $5,000. The contract was written and signed by both parties. In this scenario, who is Mark?
A. Donee
B. Donor
C. Offeree
D. Offeror
4. Betty lost her wallet at a school ballgame. She offers a reward of $25 to anyone who returns the wallet. What type of contract is this?
A. Bilateral
B. Implied
C. Unilateral
D. Void
5. Curt and Carrie sign a real estate contract to purchase a historic home. In the body of the contract, a change is handwritten. What law requires the contract to be in writing?
A. Statute of frauds
B. Statute of limitations
C. Statute of realtors
D. Uniform Commercial Code
6. Agreeing to give false testimony violates which element?
A. Capacity
B. Consideration
C. Legality
D. Offer
7. John sold a watch he owned to Jim. What term is used to identify the watch in this transaction for Jim?
A. Benefit
B. Counteroffer
C. Detriment
D. Forbearance
8. A threat against a person’s business would violate which element?
A. Capacity
B. Consideration
C. Genuine agreement
D. Legality
9. After being threatened at gunpoint, Dale cancels his contract based on which part of a genuine agreement?
A. Bilateral mistake
B. Duress
C. Fraud
D. Unilateral mistake
10. After being offered a new car at a discount, Lisa decided to turn down the offer. How was this contract terminated?
A. Referral
B. Refusal
C. Rejection
D. Revocation
11. If the offeror mails an offer to the offeree, and the offeree faxes the acceptance, when will the offer go into affect?
A. When offered
B. When received
C. When sent
D. When written
12. Carol gives up her legal right to sue Janice. What term describes this situation?
A. Benefit
B. Counteroffer
C. Detriment
D. Forbearance
13. Which is a type of unilateral mistake?
A. Destruction of subject matter
B. Impossibility of performance
C. Overcoming one’s free will
D. Signing a contract without reading it
14. A detective caught a suspect who intentionally set fire to a pharmacy. The detective was not allowed to accept a gift from the proprietor due to:
A. past consideration.
B. existing duty.
C. a promise to make a gift.
D. a promise to obey the law.
15. John’s agreeing to Jason’s proposal to sell his car is which element of a contract?
A. Acceptance
B. Consideration
C. Rejection
D. Revocation
16. Jennifer asked Jason if he wanted to buy her car for $5,000. Who is Jennifer in this transaction?
A. Donee
B. Donor
C. Offeree
D. Offeror
17. When Donnie, Matt, and Steve, all age 15, enter into a contract, what term describes this type of contract?
A. Bilateral
B. Valid
C. Void
D. Voidable
18. Carter Construction is building the new civic arena. The construction is expected to take over two years to complete. The contract must be in writing according to which law?
A. Commercial Building Code
B. Statute of frauds
C. Statute of limitations
D. Uniform Commercial Code
19. Mark purchases a piece of rare art from Jill for $5,000. The contract was written and signed by both parties. In this scenario, who is Jill?
A. Donee
B. Donor
C. Offeree
D. Offeror
20. A contract to charge a set price with competitors violates which element?
A. Capacity
B. Consideration
C. Legality
D. Offer
