After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?
  • Oral
  • Unenforceable
  • Valid
  • Written
John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?
  • Statute of Frauds
  • Statute of Limitations
  • Statute of realtors
  • Uniform Commercial Code
Jim purchases a rare antique piece for $5,The contract was signed by both parties. in this scenario, who is Jim?
  • donee
  • donor
  • offeree
  • offeror
Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?
  • Bilateral
  • implied
  • unilateral
  • void
Agreeing to give false testimony violates which element?
  • capacity
  • consideration
  • legality
  • offer
Zach needs money for college and reluctantly decides to sell his watch grandfather's pocket watch to Lee. what term is used to identify the watch in this transaction for Zach?
  • Benefit
  • Counteroffer
  • Detriment
  • Forbearance
A threat against a person's business would violate which element?
  • capacity
  • consideration
  • genuine agreement
  • legality
What elements would NOT cause grounds for avoidance due to lack of genuine agreement?
  • Duress
  • Undue Influence
  • Misrepresentation
  • Promises
  • Mistakes
After being offered a new car at a discount, Macey decided to turn down the offer. How was this contract terminated?
  • referral
  • refusal
  • rejection
  • renovation
If the offeror mails an offer to the offeree, and the offeree faxes the acceptance, when will the offer go into affect?
  • When offered
  • When received
  • When sent
  • When written
Which is a type of unilateral mistake?
  • destruction of subject matter
  • impossibility of performance
  • overcoming one's free will
  • signing a contract without reading it
Janie gives up her legal right to sue Denease. What term describes this situation?
  • benefit
  • counteroffer
  • detriment
  • forbearance
Jenn asked Lucas if he wanted to buy her car for $5,Who is Jenn is this transaction?
  • donee
  • donor
  • offeree
  • offeror
Lucas' agreeing to accept Jenn's proposal to sell her car is which element of a contract?
  • acceptance
  • consideration
  • rejection
  • revocation
Jacob negotiates with Herman over the purchase of his car. How is this contract accepted?
  • novation
  • refusal
  • counteroffer
  • mirror image rule
Lauren, Avery, and Patrick, all age 15, enter into a contract, what term describes this type of contract?
  • bilateral
  • valid
  • void
  • voidable
A contract to charge a set price with competitors violates which element?
  • capacity
  • consideration
  • legality
  • offer
Kyree decides to sell her music collection for $Does this contract have to be in writing?
  • Yes
  • No
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