Which of the following is NOT a requirement to a legally enforceable contract? Genuine Assent, Capacity, Consideration, Intent

Ch. 6 Business Law

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1.
FLASHCARD QUESTION
Front
Back
Intent
2.
FLASHCARD QUESTION
Front
Which of the following is NOT a requirement to a legally enforceable contract?
Legality, Offer & Acceptance, Writing
Back
Performance
3.
FLASHCARD QUESTION
Front
Even if an offer is made in ____, if a reasonable person interprets this as an intention to contract, courts may hold that you're making a legally enforceable offer.
Back
Jest
4.
FLASHCARD QUESTION
Front
Statements made in anger or terror are NOT legally enforceable.
Back
True
5.
FLASHCARD QUESTION
Front
Information that is communicated merely to induce someone to initiate bargaining.
Back
Preliminary Negotiations
6.
FLASHCARD QUESTION
Front
Your crush has finally agreed to go on a date with you. It's finally happening. You spend a good chunk of money to prepare, book reservations, etc. You're so excited....then they bail. True or false: this was an enforceable contract and you have the right to sue.
Back
False
7.
FLASHCARD QUESTION
Front
True or false: your parents made a deal to purchase a car for you without your knowledge, and you wish to return it but the seller refuses to refund you.
Back
This was never an enforceable contract and the seller must refund you the money upon returning the car.
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