Contract Law Quiz

What is the term for an agreement to be bound by the terms of an offeror's proposal?

• Acceptance

• Counteroffer

• Consideration

• Contractual Capacity

Which term describes an agreement and the completion of that agreement between two parties as an alternative to a previous agreement?

• Accord And Satisfaction

• Bilateral Contract

• Covenant Not To Sue

• Browse-Wrap Terms

In contract law, what is a meeting of minds about the terms of a contract called?

• Agreement

• Counteroffer

• Covenant Not To Compete

• Click-On Agreement

What type of contract involves a promise given in exchange for a promise?

• Bilateral Contract

• Accord And Satisfaction

• Covenant Not To Sue

• Browse-Wrap Terms

What are terms called that are agreed to by use of a website or program, without explicit agreement?

• Browse-Wrap Terms

• Click-On Agreement

• Contractual Capacity

• Counteroffer

What is the term for terms agreed to directly by the user, such as clicking an 'I agree' button?

• Click-On Agreement

• Browse-Wrap Terms

• Covenant Not To Compete

• Accord And Satisfaction

What is the value given in return for a promise or performance called?

• Consideration

• Acceptance

• Counteroffer

• Contractual Capacity

What is a court enforceable agreement between two or more parties called?

• Contract

• Counteroffer

• Covenant Not To Sue

• Bilateral Contract

What is the legal ability to enter into a contract called?

• Contractual Capacity

• Acceptance

• Consideration

• Counteroffer

What is the rejection of the initial offer while making a new offer called?

• Counteroffer

• Acceptance

• Consideration

• Covenant Not To Compete