quiz 1

Which of the following is not an element of a valid contract?

• Offer & Acceptance

• Certainty

• Consideration

• Invitation to Treat

A void contract is an agreement not enforceable by law.

• True

• False

The contracts made by infants / minors are void.

• True

• False

The person making the proposal is called the and the person accepting the proposal is called :

• The person making the proposal is called the asker and the person accepting the proposal is called the responder.
• The person making the proposal is called the proposer and the person accepting the proposal is called the acceptor.
• The person making the proposal is called the inquirer and the person accepting the proposal is called the replier.
• The person making the proposal is called the suggester and the person accepting the proposal is called the agreeer.

Every promise and every set of promises, forming the consideration for each other, is called as:

• Contract
• Agreement
• Consideration
• Obligation