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Jamie Grubic Welcome ! The Topic For Today Is…. Contracts. Topic 1: 200. Question: Proposal by one party to another. Answer Offer. Back. Topic 1: 400. Question: Willingness to go alone with an offer. Answer Acceptance. Back. Topic 1: 600. Question: Has no legal affect. Answer
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Jamie Grubic Welcome! The Topic For Today Is…
Topic 1: 200 • Question: • Proposal by one party to another. • Answer • Offer Back
Topic 1: 400 • Question: • Willingness to go alone with an offer. • Answer • Acceptance. Back
Topic 1: 600 • Question: • Has no legal affect. • Answer • Void. Back
Topic 1: 800 • Question: • Agreement is true and genuine. • Answer • Genuine Agreement Back
Topic 1: 1000 • Question: • Taking back of an offer. • Answer • Revocation Back
Topic 2: 200 • Question: • Approve. • Answer • Ratify Back
Topic 2: 400 • Question: • Overcoming a person’s will by force. • Answer • Duress Back
Topic 2: 600 • Question: • Contract that comes from the actions of the parties. • Answer • Implied Contract Back
Topic 2: 800 • Question: • When a contract is able to void or cancel a contract for some legal reason. • Answer • Voidable Back
Topic 2: 1000 • Question: • Refusal of an offer by the offeree. • Answer • Rejection Back
Topic 3: 200 • Question: • Legally good. • Answer • Valid Back
Topic 3: 400 • Question: • Any agreement enforceable by law. • Answer • Contract Back
Topic 3: 600 • Question: • Legal ability to enter a contract. • Answer • Capacity Back
Topic 3: 800 • Question: • Contract that may be oral or written. • Answer • Express Contract Back
Topic 3: 1000 • Question: • Promise made by two parties. • Answer • Bilateral Contract Back
Topic 4: 200 • Question: • Contract must not violate statutes. • Answer • Legality Back
Topic 4: 400 • Question: • Response to an offer which the terms of the original offer are changed. • Answer • Counteroffer. Back
Topic 4: 600 • Question: • Promise made by one party. • Answer • Unilateral Contract Back
Topic 4: 800 • Question: • Exchange of things of value. • Answer • Consideration Back
Topic 4: 1000 • Question: • Terms stated in the acceptance must exactly mirror the terms of the offer. • Answer • Mirror Image Rule Back
Daily Double Name the three requirements of an offer. The Winner Of The Last Round Write Down How Much Money You Are Willing To Risk If You get the Question write you win that money If you get it wrong you Loss the money!
Daily Double Name the four ways you can terminate an offer. The Winner Of The Last Round Write Down How Much Money You Are Willing To Risk If You get the Question write you win that money If you get it wrong you Loss the money!