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Contract Law Unit Test I
Test Description: Good luck!
Instructions: Answer all questions to get your test result.
1) When one party used an improper threat or act to obtain an expression of agreement is known as D-_________.
A
Directive
B
Distress
C
Dominating
D
Duress
2) All contracts require payments or exchanges of value, this is known as C-_____________.
A
Consideration
B
Cash
C
Contractual Pay
D
Correctives
3) The ability for someone to fully understand that contract is being made and that there are consequences is contractual C-____________.
A
Compound Functioning
B
Contentedness
C
Consciousness
D
Capacity
4) Legal obligations created by a contract are called contractual D-____________.
A
Decisions
B
Duties
C
Directives
D
Duress
5) Failure to provide complete performance is a(n) B-_____ of Contract.
A
Barrier
B
Breach
C
Blockade
D
Break
6) Laws that set a time limit for injured parties to seek remedies is known as _________ of limitations.
A
Pillar
B
Statute
C
Remedy
D
Element
7) Accepting less than what you are owed to end a contractual agreement is known as A-____ and S-____
A
Accord and Solution
B
Accord and Satisfaction
C
Acceptance and Satisfaction
D
Accrual and Sameness
8) Legal contracts must have a(n) established E-____ date.
A
Essay
B
Expiration
C
End
D
Equity
9) Requires that the terms in the acceptance must exactly match the terms contained in the offer.
A
Contractual Duties
B
Mirror Image rule
C
Revenue License
D
Contractual Duties
10) One party in a position of trust wrongfully dominates the other party in a contract
A
Compensatory Damages
B
Undue Influence
C
Void Marriage
D
Misrepresentation
*select an answer for all questions
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