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Colorado Law & Practice - Contracts & Agency/ Exam Review Questions And Answers. Verified.| Latest Update 2024/25|
COLORADO LAW & PRACTICE - CONTRACTS & AGENCY/ EXAM 
REVIEW QUESTIONS AND ANSWERS. VERIFIED. 
Voluntary Agreement - -- Meeting of the minds; 
- Good faith of both parties; 
- Free from duress or menace. 
Mutual Mistake - -both parties to a contract have an incorrect belief about an important fact 
Offer becomes contract when... - -it is accepted by the offeree and acceptance is communicated back 
to the offeror 
Offeror may withdraw or rescind the offer 
without penalty until... - -communicatio...