Kahoot Reviews PDF

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Chapter 13 Kahoot Review 1. A person who makes an offer is called: a. Offeree b. Offeror Answer: b. Offeror 2. All contracts must be in writing to be valid a. True b. False Answer: b. False 3. A contract that is not fully completed is called a(n) ___ contract a. Executory b. Executed Answer: a. executory 4. The UCC covers contracts for the sale of a. Services b. Real estate c. Goods Answer: c. goods 5. Sitting down at a restaurant and ordering food creates a(n): a. Express contract b. Quasi-contract c. Written contract d. Implied contract Answer: d. implied contract

Chapter 15 KAHOOT Review 1. The “bargained for exchange” element of a contract is: a. Legal purpose b. Capacity c. Agreement d. Consideration Answer: d. consideration 2. Past consideration can be used to create a new valid contract a. True b. False Answer: b. false 3. A(n) __ is where a party to a contract appears to make a promise but doesn’t commit to anything a. Consideration b. Quid pro quo c. Illusory promise d. Promissory estoppel Answer: c. illusory Promise

4. In Harvey v. Dow the daughter got her piece of land based on legal theory of: a. Past consideration b. Illusory promise c. Breach of contract d. Promissory estoppel Answer: d. promissory estoppel 5. One of the elements for a valid accord and satisfaction is that the debt is a. Unliquidated b. Liquidated Answer: a. unliquidated

Chapter 18 KAHOOT Review 1. For the SOF the “one year period” begins a. The day the party is required to perform b. Never c. The day the contract is entered into d. The day after the contract is entered into Answer: d. the day after the contract is entered into 2. Which of these does not require a writing? a. Contracts for the sale of goods valued at $300 b. Contracts to pay a secondary obligation c. Contracts involving the transfer of real estate d. Contracts that has terms that can’t be completed in one year Answer: a. Contracts for the sale of goods valued at $300 3. Real estate involves land but not houses a. True b. False Answer: b. false 4. An exception to the writing requirement for a collateral promise is: a. The integration rule b. The 3rd party rule c. The parol evidence rule d. The main purpose rules Answer: d. the main purpose rule 5. Before the Parol Evidence Rule applies, Courts must determine that a Contract is: a. Integrated b. Insured c. Acknowledgement d. Typed e. Answer: a. integrated

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6. All of the following are elements of a valid legal contract except: a. Consideration b. Mens Rea c. Capacity d. Agreement Answer: b. Mens Rea 7. Contract formation is said to be based on a(n) __ theory of law. a. Objective b. Subjective Answer: a. objective 8. The Mailbox rule applies to: a. Mirror-image b. Rejection c. Revocation d. Acceptance Answer: d. acceptance 9. As a general rule, once an offer is made it can never be revoked/ a. True b. False Answer: b. false 10. An invitation to negotiate is an offer because it expresses a willingness to be bound a. True b. False Answer: b. false 11. Generally, silence does not constitute as form of acceptance. a. True b. False Answer: a. True 12. A unilateral mistake of fact generally does not make a contract voidable a. True b. False Answer: a. True 13. All of the following are types of misrepresentation that we talked about in class except: a. Inherent b. Innocent c. Negligent d. Fraudulent Answer: a. inherent 14. The American Statute of Frauds is based on __ law. a. German b. Danish c. English d. French

Answer: c. English 15. Generally, promises made in consideration or marriage must be in writing to be valid a. True b. False Answer: a. True...