What are the three basic elements of an enforceable contract?

Elements of Contracts

Interactive Video
•
Social Studies
•
11th Grade
•
Easy

Manuel Escarda
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Offer, acceptance, and consideration
Offer, acceptance, and mutual assent
Consideration, mutual assent, and legality
Offer, legality, and performance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the case of Lucy vs. Zamer, what was the court's main consideration?
The subjective intent of the promisor
The financial status of the parties
The objective manifestation of intent
The location of the agreement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'indefiniteness' refer to in contract law?
The lack of a written contract
The failure to perform contractual duties
Missing or unclear terms in a contract
The absence of mutual assent
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key requirement for an offer to be valid?
It must include a price
It must be communicated to the offeree
It must be accepted immediately
It must be in writing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are advertisements generally not considered offers?
They lack specific terms
They are too expensive to enforce
They are invitations to negotiate
They are not legally binding
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can terminate an offer?
Performance
Revocation
Consideration
Acceptance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an option contract?
A contract that can be terminated at any time
A contract that requires no consideration
A contract that is automatically renewed
A contract that keeps an offer open for a period
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