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DuRanda Smith’s Jeopardy Review Game for Contract Law

DuRanda Smith’s Jeopardy Review Game for Contract Law. Welcome! The Topic For Today Is…. Contract Law. Contract Law. Topic 1: 200. Question 1: what is an offer? Answer: An offer is a proposal by one party to another intended to create a legally binding agreement. Back. Topic 1: 400.

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DuRanda Smith’s Jeopardy Review Game for Contract Law

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  1. DuRandaSmith’s Jeopardy Review Game for Contract Law

  2. Welcome! The Topic For Today Is…. Contract Law

  3. Contract Law

  4. Topic 1: 200 • Question 1: what is an offer? • Answer: An offer is a proposal by one party to another intended to create a legally binding agreement. Back

  5. Topic 1: 400 • Question: How would you define a genuine agreement in your own words? • Answer: Well Genuine is something true. A valid offer is met with a valid acceptance. Back

  6. Topic 1: 600 • Question: Name the six elements of a contract. • Answer: Capacity, consideration, legality, offer, acceptance, and genuine agreement. Back

  7. Topic 1: 800 • Question: Who are excused from contractual responsibility ? • Answer: Minors, mentally impaired people, and individuals under the influence of drugs or alcohol. Back

  8. Topic 1: 1000 • Question: Define what is a contract. • Answer: A contract is any agreement enforceable by law. Back

  9. Topic 2: 200 • Question: Give a definition of what valid means. • Answer: Valid is something legally good. Back

  10. Topic 2: 400 • Question: Define a bilateral contract. • Answer: A bilateral contract is a contract that contains two promises. Back

  11. Topic 2: 600 • Question: In which type of contract do both parties, the offeror and the offeree, make promises. • Answer: A bilateral contract Back

  12. Topic 2: 800 • Question: What would be an example of an implied contract? • Answer: when you pay for your gas you have an implied contract with the person who you paid your gas to. Back

  13. Topic 2: 1000 • Question: What contract is oral or written? • Answer: An expressed contract Back

  14. Topic 3: 200 • Question: What is the difference between revocation and rejection? • Answer: Revocation is the taking back of an offer by the offeror. Rejection is when the offeree refuses the offer and brings the offer to an end. Back

  15. Topic 3: 400 • Question: Can you change you mind and withdraw an offer? • Answer: You can withdraw as long as the offeree has not already accepted the offer. Back

  16. Topic 3: 600 • Question: How would you describe a counteroffer.? • Answer: A counteroffer ends the first offer. For example) If you tell someone I will sell my car to you for 12,000 and that person says I will sell my car 10,000 . Back

  17. Topic 3: 800 • Question: Describe Death or Insanity • Answer: If the offeror dies or becomes insane before the offer is accepted, the offer comes to an end. Back

  18. Topic 3: 1000 • Question: Expiration of time give an example. • Answer: Lets just say Aniya has offered to sell her car for 1,200. Aniya tells Franny the offer will remain into effect until noon of the following day. Back

  19. Topic 4: 200 • Question: How would you describe definite and certainness? • Answer: Definite and Certainness means that it has to be detailed and states exactly what the contract says. Back

  20. Topic 4: 400 • Question: What is the Mirror Image rule? • Answer: The Mirror Image rule means that the terms stated in the acceptance must exactly mirror or match the terms of the offer. Back

  21. Topic 4: 600 • Question: How would you define serious intent? • Answer: I would define serious intent as entering into the contract with a legal obligation. Back

  22. Topic 4: 800 • Question: How would you define definiteness and certainty? • Answer: Definiteness and certainty means that you state exactly what the contract is about. Back

  23. Topic 4: 1000 • Question: list different communication to the offeree. • Answer: Offers can be made by: telephone, letter, telegram, fax, email etc…. Back

  24. Topic 5: 200 • Question: What is invitations to negotiate? • Answer: They are invitations to deal, trade, or make an offer. Back

  25. Topic 5: 400 • Question: In Latin what does bilateral mean? • Answer: Bi means two lateral means sides Back

  26. Topic 5: 600 • Question: In Latin what does Unilateral mean? • Answer: Uni meaning one lateral meaning side? Back

  27. Topic 5: 800 • Question: Name a well known contracts for teenagers. • Answer: cellphone contract Back

  28. Topic 5: 1000 • Question: • You can ask a question here, it has to relate to the topic, as # get higher, Q’s get harder! • Answer • (The answer here!) Back

  29. Bonus Question: 5000 pts. • Question: Does a contract have to be in writing in order for it to be valid? • Answer: No it doesn’t a contract maybe be valid orally. Back

  30. Daily Double Of the six elements, which is the most crucial to setting up a valid contract?

  31. Daily Double You lost your backpack and posted a $20 reward for it. If someone who did not know about the reward returned the backpack, would you be legally obligated to pay the reward?

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