Contract Law

Which of the following does NOT require a contract in writing?

• Real estate

• Goods over $500

• Goods under $200

• Actions taking longer than one year

Which of the following governs the sale of goods?

• Uniform Commercial Code

• Unified Commercial Code

• Trade of Goods Commission

• Sales Commission

Which of the following is NOT part of a contract?

• Offer

• Acceptance

• Consideration

• Introduction

Which of the following occurs when the original offer is not accepted and a new offer is returned in place of the original offer?

• Replacement offer

• Counter offer

• Acceptance

• Consideration

Which of the following occurs when one party intentionally or unintentionally does not fulfill their contractual obligations?

• Counter offer

• Acceptance

• Breach of contract

• Consideration