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Contract Law Review

Total questions: 17

Worksheet time: 12mins

Name
Class
Date
1.

Which of the following is required for an offer

a)

Must be made as a joke

b)

Offer can be missing details

c)

Intent must be present

d)

No communication is necessary

2.

Jests are better known as

(a)  

3.

True/False: Statements made with strong emotion do not create an enforceable offer

a)

True

b)

False

4.

Unilateral contracts typically require this as acceptance:

a)

pay

b)

performance

c)

tax breaks

d)

exchange of goods

5.

Agreeing to go to a movie with a friend and then bailing is a not a violation of a contract. Instead, this would purely be a

a)

Jest

b)

Preliminary Negotiation

c)

Social agreement

6.

This type of contract exists when both parties have a promise to perform

(a)  

7.

True/False: All agreements must be in writing to be enforceable in court

a)

True

b)

False

8.

All essential terms of an offer must be _________ and __________.

(a)  

9.

The offeror may (a)   an offer before it is accepted offeree.

10.

True/False: If the offer refers to unique subject matter and the subject matter is destroyed, the offer is terminated.

a)

True

b)

False

11.

This occurs when an offeree changes the offeror's terms

(a)  

12.

What are the two ways offers can be kept open?

a)

Counteroffers and non capacity

b)

Revocation and timely endings

c)

Options and firm offers

d)

Preliminary negotiations and jests

13.

The UCC stands for

(a)  

14.

A firm offer is valid for no more than

a)

One year

b)

Sixth months

c)

Three months

d)

4 weeks

15.

Which of the following does not describe an event that will terminate an offer

a)

Revocation

b)

Purchasing an option

c)

Counteroffers

d)

Death of the offeror/offeree

16.

If an offeree clearly rejects the offer, the offer is termed

a)

Suspended

b)

Revoked

c)

Expired

d)

Terminated

17.

This requires that the acceptance must exactly match the terms contained in the offer

(a)