Contract Law Basics: The Essentials Quiz

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Contract Law Basics: The Essentials: a General level Law quiz. Test your knowledge with 15 questions!
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Questions

Question 1
What is the primary requirement for a contract to exist?
A A lawyer
B Agreement
C Notarization
D Witnesses
Question 2
Which term describes the exchange of value in a contract?
A Acceptance
B Consideration
C Legality
D Capacity
Question 3
What is the expression of willingness to enter a contract called?
A Capacity
B Amendment
C Breach
D Offer
Question 4
What do we call the act of agreeing to the terms of an offer?
A Refusal
B Acceptance
C Negotiation
D Rescission
Question 5
Which of these is generally required for a contract to be binding?
A Mutual assent
B Government approval
C Written form
D Physical seal

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