Contract Law Exam Questions With Correct Answers

Contract Law Exam Questions With Correct
Answers

A |contract |that |is |legally |binding |and |fully |enforceable |is |known |as |__________ |- |CORRECT |
ANSWER✔✔-A |valid |contract



A |proposal |made |by |one |party |that |he |or |she |is |willing |to |enter |a |contract |is |known |as |
____________ |- |CORRECT |ANSWER✔✔-An |offer



A |contract |that |has |no |legal |effect |is |known |as |__________ |- |CORRECT |ANSWER✔✔-Void |
contract



Any |agreement |that |is |enforceable |by |law |is |known |as |___________ |- |CORRECT |ANSWER✔✔-
A |contract



An |unqualified |agreement |by |the |offeree |to |be |bound |by |the |offer |is |known |as |___________ |-
|CORRECT |ANSWER✔✔-An |acceptance




A |contract |that |comes |about |by |the |acts |of |the |parties |is |known |as |____________ |- |CORRECT |
ANSWER✔✔-An |implied |contract



An |offer |that |has |been |changed |by |the |offeree |is |known |as |____________ |- |CORRECT |
ANSWER✔✔-Counteroffer



A |contract |stated |in |oral |or |written |words |is |known |as |___________ |- |CORRECT |ANSWER✔✔-
An |express |contract