NEW
Font size
WorksheetsBL 2.01
Total questions: 23
Worksheet time: 12mins
Molly agrees to buy a set of glassware after talking to the salesman over the phone. What type of contract is this?
Oral
Unenforceable
Valid
Written
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?
Statute of frauds
Statute of limitations
Statute of realtors
Uniform Commercial Cod
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?
Oral
Unenforceable
Valid
Written
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?
Donee
Donor
Offeree
Offeror
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?
Bilateral
Implied
Unilateral
Void
Agreeing to give false testimony violates which element?
Capacity
Consideration
Legality
Offer
John sold a watch he owned to Jim. What term is used to identify the watch in this transaction for Jim?
Benefit
Counteroffer
Detriment
Forbearance
A threat against a person’s business would violate which element?
Capacity
Consideration
Genuine agreement
Legality
After being offered a new car at a discount, Lisa decided to turn down the offer. How was this contract terminated?
Referral
Refusal
Rejection
Revocation
After being threatened at gunpoint, Dale cancels his contract based on which part of a genuine agreement?
Bilateral mistake
Duress
Fraud
Unilateral mistake
Which is a type of unilateral mistake?
Destruction of subject matte
Impossibility of performance
Overcoming one’s free will
Signing a contract without reading it
If the offeror mails an offer to the offeree, and the offeree faxes the acceptance, when will the offer go into affect?
When offered
When received
When sent
When written
Carol gives up her legal right to sue Janice. What term describes this situation?
Benefit
Counteroffer
Detriment
Forbearance
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:
past consideration
existing duty
a promise to make a gift
a promise to obey the law
John’s agreeing to Jason’s proposal to sell his car is which element of a contract?
Acceptance
Consideration
Rejection
Revocation
Jennifer asked Jason if he wanted to buy her car for $5,000. Who is Jennifer in this transaction?
Donee
Donor
Offeree
Offeror
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?
Commercial Building Code
Statute of frauds
Statute of limitations
Uniform Commercial Code
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?
Donee
Donor
Offeree
Offeror
When Donnie, Matt, and Steve, all age 15, enter into a contract, what term describes this type of contract?
Bilateral
Valid
Void
Voidable
Marco and Angelica are purchasing their first home. What law requires that their contract be in writing?
Parol evidence
Promissory estoppel
Statute of frauds
Statute of limitations
A contract to charge a set price with competitors violates which element?
Capacity
Consideration
Legality
Offer
Samantha decides to sell Joanne her music collection for $550. What law requires the contract to be in writing?
Ambiguous clause
Parol evidence rule
Statute of frauds
Statute of limitations
John proposes to sell his car to Jan for $500. What element of a contract did John propose?
Acceptance
Offer
Rejection
Revocation
