Contract Law Unit Test I Question Preview (ID: 45242)


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Legal contracts must have a(n) established E-____ date.
a) End
b) Expiration
c) Essay
d) Equity

Requires that the terms in the acceptance must exactly match the terms contained in the offer.
a) Mirror Image rule
b) Contractual Duties
c) Contractual Duties
d) Revenue License

Accepting less than what you are owed to end a contractual agreement is known as A-____ and S-____
a) Accord and Satisfaction
b) Accord and Solution
c) Acceptance and Satisfaction
d) Accrual and Sameness

Laws that set a time limit for injured parties to seek remedies is known as _________ of limitations.
a) Statute
b) Element
c) Pillar
d) Remedy

Failure to provide complete performance is a(n) B-_____ of Contract.
a) Breach
b) Break
c) Barrier
d) Blockade

Legal obligations created by a contract are called contractual D-____________.
a) Duties
b) Directives
c) Decisions
d) Duress

The ability for someone to fully understand that contract is being made and that there are consequences is contractual C-____________.
a) Capacity
b) Consciousness
c) Contentedness
d) Compound Functioning

All contracts require payments or exchanges of value, this is known as C-_____________.
a) Consideration
b) Cash
c) Contractual Pay
d) Correctives

When one party used an improper threat or act to obtain an expression of agreement is known as D-_________.
a) Duress
b) Directive
c) Distress
d) Dominating

One party in a position of trust wrongfully dominates the other party in a contract
a) Undue Influence
b) Compensatory Damages
c) Misrepresentation
d) Void Marriage

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