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WorksheetsElements of a Contract Review
Total questions: 15
Worksheet time: 9mins
Michelle makes the following statement to Chloe, "I will sell you my Iphone for $50". This is an example of a(n)
acceptance
genuine agreement
offer
unilateral contract
Which element of a contract is defined as the legal ability to enter a contract and be held to that contract?
legality
consideration
genuine agreement
capacity
A second parties unqualified willingness to go along with the first parties proposal.
genuine agreement
acceptance
consideration
implied contract
Colby purchased a large iced coffee for $10 from Starbucks. The iced coffee and the $10 exchanged is defined as __ when it comes to contracts.
consideration
capacity
acceptance
legality
To be legally enforceable, a contract is required to be in writing.
false
true
When a valid offer is met with a valid acceptance under the free will of the parties involved a ____ has taken place.
voidable contract
illegal agreement
genuine agreement
voidable contract
Under contract law, all actions contained in the contract must be legal to be enforceable.
true
false
Brayden pulls up to the gas pump, inserts his debit card (it's appoved) and proceeds to fill his tank with $25 worth of gas. This is an example of
an unenforceable contract
an express contract
an implied contract
an oral contract
Brett performed a job for his neighbor with the agreement his neighbor would pay him $200 for the services performed. Six years later Brett has still not received payment, this is now a(n)
valid contract
void contract
voidable contract
uneforceable
Select all that apply to this example. Kaitlyn and Alyssa write up an agreement that Kaitlyn will buy 25 ice cream cones from Alyssa for $37.50. (Assume they are both 18 years old.)
It is a valid contract.
It is a written contract.
It is an unilateral contract.
It is a void contract.
It is an express contract.
Michelle cat has been missing for days, she post signs around her neighborhood stating she will pay a $50 reward for the return of her cat. This creates a(n)
unenforceable contract.
unilateral contract
oral contract
bilateral contract
Colby promises to give Alyssa a ride home on Tuesday, this is an example of a
void contract
valid contract
written contract
voidable contract
An express contract can be either an oral or a written contract.
false
true
Any agreement enforceable by law is classified as a contract.
true
false
If one party or both parties is able to legally get out of a contract it is deemed a ___ contract.
implied
oral
valid
voidable
