WorksheetsContract Law
Total questions: 15
Worksheet time: 8mins
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
A contract between two parties for illegal activities is not valid.
True
False
A minor has the capacity to contract when...
Always
Only valid on contracts valuing over $1 Million
For necessities like food, clothing, and lodging
It depends on the state you live in
Which of the following is a contract?
Betty offers to give a book to Lou. Lou accepts.
Betty offers Lou the book in exchange for Lou’s promise to pay twenty-five dollars. Lou accepts.
Betty offers to give Lou the book if Lou promises to pick it up at Betty’s house. Lou agrees.
None of the above
Offering a reward to anyone who can return your lost pet is an example of a...
Bilateral contract
Unilateral Contract
After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?
Oral
Unenforceable
Valid
Written
John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?
Statute of Frauds
Statute of Limitations
Statute of realtors
Uniform Commercial Code
Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?
donee
donor
offeree
offeror
Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?
Bilateral
implied
unilateral
void
Kyree decides to sell her music collection for $550. Does this contract have to be in writing?
Yes
No
The addition or modification to a will is called a:
change
administrix
element
codicil
An entity or person that receives something in a will (beneficiary):
administrator
executor
legatee
codicil
When no will is appointed by a court to manage an estate, who is appointed by the court?
administrator
legatee
executor
Mrs. Conte
A person who has made a will:
legatee
testator
benefiiciary
codicil
Why should a person make a will?
You'll pay more taxes
additional legal fees
you forfeit the right to decide who should look after your children
all of these
