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Exam (elaborations)

CONTRACT LAW EXAM SCRIPT 2026 QUESTIONS AND ALL CORRECT ANSWERS ALREADY PASSED

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CONTRACT LAW EXAM SCRIPT 2026 QUESTIONS AND ALL CORRECT ANSWERS ALREADY PASSED

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CONTRACT LAW EXAM SCRIPT 2026
QUESTIONS AND ALL CORRECT ANSWERS
ALREADY PASSED

⩥ A proposal made by one party that he or she is willing to enter a
contract is known as ____________. Answer: An offer


⩥ A contract that has no legal effect is known as __________. Answer:
Void contract


⩥ Any agreement that is enforceable by law is known as ___________.
Answer: A contract


⩥ An unqualified agreement by the offeree to be bound by the offer is
known as ___________. Answer: An acceptance


⩥ A contract that comes about by the acts of the parties is known as
____________. Answer: An implied contract


⩥ An offer that has been changed by the offeree is known as
____________. Answer: Counteroffer
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