Question

A contract must always be in writing to be legal.(1 point) Responses True True False False Question 2 For a contract to be legal in must include these primary elements.(1 point) Responses offer, acceptance, counter offer, acceptance, agreement, consideration, capacity, and legality. offer, acceptance, counter offer, acceptance, agreement, consideration, capacity, and legality. offer, agreement, consideration, legality, and capacity. offer, agreement, consideration, legality, and capacity. agreement, offer, money, acceptance, written, be legal, reasonable agreement, offer, money, acceptance, written, be legal, reasonable legality, acceptance, capacity, consideration, capacity, offer, agreement legality, acceptance, capacity, consideration, capacity, offer, agreement Question 3 The legality element of an enforceable contract means that....(1 point) Responses The contact subject matter can include the sale of stolen merchandise The contact subject matter can include the sale of stolen merchandise The act can violate public policy The act can violate public policy Can include the sale of illicit drugs Can include the sale of illicit drugs The actions must be legal. The actions must be legal. Question 4 Minors lack which of the following requirements to enter a contract?(1 point) Responses Acceptance Acceptance Capacity Capacity Offer Offer Consideration Consideration Question 5 Consideration can include...(1 point) Responses giving up something giving up something not doing something not doing something money money All of the above All of the above Question 6 Which of the following can not be considered acceptance?(1 point) Responses hand shake hand shake ceremony ceremony silence silence by phone by phone Question 7 A contract must contain at least 5 of the elements to be enforceable.(1 point) Responses True True False False Question 8 An offer has which of the these basic requirements?(1 point) Responses Made Seriously Made Seriously Is definite and Certain Is definite and Certain Communicated to the offeree Communicated to the offeree All of the above All of the above Question 9 If the acceptance does not mirror the terms of the original offer then, the acceptance is viewed as a rejection and counteroffer.(1 point) Responses True True False False Question 10 Mentally impaired persons and aliens can enter into contracts.(1 point) Responses True True False False Skip to navigation

Answer 1

Here are the answers to the questions based on the principles of contract law:

1. **A contract must always be in writing to be legal.**
- **Answer:** False

2. **For a contract to be legal it must include these primary elements.**
- **Answer:** offer, agreement, consideration, legality, and capacity.

3. **The legality element of an enforceable contract means that....**
- **Answer:** The actions must be legal.

4. **Minors lack which of the following requirements to enter a contract?**
- **Answer:** Capacity

5. **Consideration can include...**
- **Answer:** All of the above (giving up something, not doing something, money)

6. **Which of the following can not be considered acceptance?**
- **Answer:** Silence

7. **A contract must contain at least 5 of the elements to be enforceable.**
- **Answer:** False

8. **An offer has which of these basic requirements?**
- **Answer:** All of the above (Made Seriously, Is definite and Certain, Communicated to the offeree)

9. **If the acceptance does not mirror the terms of the original offer then, the acceptance is viewed as a rejection and counteroffer.**
- **Answer:** True

10. **Mentally impaired persons and aliens can enter into contracts.**
- **Answer:** True

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