Any agreement enforceable by law
Law Unit 4 - Contracts

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Social Studies
•
10th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Contract
2.
FLASHCARD QUESTION
Front
The law that requires certain agreements be in writing is called the:
Back
Statute of frauds
3.
FLASHCARD QUESTION
Front
Which of these is NOT one of the required elements of a contract? Genuine agreement, Capacity, Exchange of money, Legality
Back
Exchange of money
4.
FLASHCARD QUESTION
Front
The thing of value promised to be exchanged by parties is known as....
Back
Consideration
5.
FLASHCARD QUESTION
Front
The mirror image rule means that:
Back
The terms of acceptance must match the exact terms of the offer
6.
FLASHCARD QUESTION
Front
Not all agreements are contracts, but...
Back
All contracts ARE agreements
7.
FLASHCARD QUESTION
Front
A contract with a promise made by one party to do something after something else happens is a ...
Back
Unilateral Contract
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