SECTION II—THINK CRITICALLY ABOUT LEGAL CONCEPTS
Directions:ȱInȱtheȱAnswersȱcolumnȱatȱtheȱrightȱofȱeachȱstatement,ȱwriteȱtheȱletterȱthatȱ
representsȱtheȱword,ȱorȱgroupȱofȱwords,ȱthatȱcorrectlyȱcompletesȱtheȱstatement.ȱ
ȱȱ Answersȱ
11.
ȱ
Whichȱofȱtheȱfollowingȱisȱ
not
ȱoneȱofȱtheȱmajorȱrequirementsȱforȱaȱ
contract?ȱ(a)ȱtime,ȱ(b)ȱgenuineȱassent,ȱ(c)ȱcapacity,ȱ(d)ȱconsideration
ȱ
11._______ȱ
12.ȱAȱvalidȱofferȱmustȱbeȱcommunicatedȱtoȱtheȱoffereeȱandȱ(a)ȱtheȱ
offerorȱmustȱintendȱtoȱcreateȱaȱlegalȱobligation,ȱ(b)ȱtheȱtermsȱmustȱ
beȱdefiniteȱandȱcomplete,ȱ(c)ȱbothȱaȱandȱb,ȱ(d)ȱnoneȱofȱtheseȱȱ
12._______ȱ
13.ȱAnȱunacceptedȱofferȱmayȱbeȱterminatedȱbyȱ(a)ȱaȱcounteroffer,ȱ(b)ȱaȱ
reasonableȱlengthȱofȱtime,ȱ(c)ȱtheȱrejectionȱofȱtheȱofferee,ȱ(d)ȱallȱofȱ
theseȱȱ
13._______ȱ
14.ȱAȱfirmȱofferȱisȱbindingȱ(a)ȱforȱaȱstatedȱtime,ȱ(b)ȱforȱnotȱmoreȱthanȱ
threeȱmonths,ȱ(c)ȱevenȱwhenȱnothingȱisȱpaidȱbyȱtheȱofferee,ȱ(d)ȱallȱ
ofȱtheseȱȱ
14._______ȱ
15.
ȱ
Thereȱisȱnoȱcontractȱ(a)ȱwithoutȱtheȱexchangeȱofȱmoney,ȱ(b)ȱ
withoutȱbothȱofferȱandȱacceptanceȱonȱmutuallyȱagreedȱterms,ȱ(c)ȱ
bothȱaȱandȱb,ȱ(d)ȱnoneȱofȱtheseȱȱ
15._______ȱ
16.ȱSocialȱarrangementsȱ(a)ȱareȱnotȱlegalȱobligations,ȱ(b)ȱareȱlegalȱ
contracts,ȱ(c)ȱareȱsubjectȱtoȱbreachȱofȱcontract,ȱ(d)ȱnoneȱofȱtheseȱȱ
16._______ȱ
17.
ȱ
Capacityȱtoȱcontractȱmeansȱthatȱtheȱpersonȱ(a)ȱhasȱaȱgenuineȱneedȱ
forȱtheȱgoodsȱorȱservicesȱpurchased,ȱ(b)ȱhasȱampleȱroomȱtoȱstoreȱ
17._______ȱ
18.ȱWhenȱtheȱpriceȱisȱnotȱspecifiedȱinȱcontractsȱbetweenȱindividualsȱ
18._______ȱ
19.
ȱ
Offersȱthatȱrequireȱtheȱoffereeȱtoȱacceptȱbyȱcommunicatingȱtheȱ
requestedȱpromiseȱtoȱtheȱofferorȱareȱ(a)ȱunilateralȱcontracts,ȱ(b)ȱ
bilateralȱcontracts,ȱ(c)ȱmatchingȱofferȱcontracts,ȱ(d)ȱmirrorȱimageȱ
rulesȱ
19._______ȱ
20.ȱWhenȱtheȱtermsȱofȱacceptanceȱmustȱexactlyȱmatchȱtheȱtermsȱ
containedȱinȱtheȱoffer,ȱitȱisȱcalledȱ(a)ȱaȱunilateralȱcontract,ȱ(b)ȱaȱ
bilateralȱcontract,ȱ(c)ȱaȱmatchingȱofferȱcontract,ȱ(d)ȱaȱmirrorȱimageȱ
ruleȱ
20._______ȱ