Trevecca (Davis) - Business Law, E4 questions with
verified answers
Acceptance (249) Ans✓✓✓ A voluntary act by the offeree that shows
agreement to the terms of an offer.
Accord and satisfaction (266) Ans✓✓✓ When a debtor offers to pay,
and a creditor accepts, a lesser amount that the creditor originally
claimed was owed.
Adhesion contract (300) Ans✓✓✓ Contracts written exclusively by one
party and presented to the other party on a take-it-it-or-leave-it basis.
Age of majority (273) Ans✓✓✓ The age when a person is no longer a
minor.
Agreement (240) Ans✓✓✓ The meeting of parties on the terms of the
contract and the manifest of each other and their mutual assent to the
same bargain.
Alienation (322) Ans✓✓✓
Anticipatory repudiation (340) Ans✓✓✓ The refusal of a party to carry
out the contractual obligations, before having a duty to perform.
, Assignee (319) Ans✓✓✓ The party receiving the rights of an
agreement.
Assignment (319) Ans✓✓✓ The transfer of contractual rights to a third
party.
Assignor (319) Ans✓✓✓ The party assigning the rights of an agreement
to a third party.
Bilateral contract (228) Ans✓✓✓ A contract where the offeree can
accept simply by promising to preform; a promise for a promise
Breach of contract (338) Ans✓✓✓ The nonperformance of a
contractual duty.
Browse-wrap terms (254) Ans✓✓✓
Click-on agreement (253) Ans✓✓✓ The acceptance that includes the
act of clicking on a box indicated "I accept" or "I agree" to accept an
online offer.
Collateral promise (308) Ans✓✓✓ A promise that is subsidiary to a
principal transaction or primary contractual relationship; a promise
made by a third party to assume the debts or obligations of a primary
party to a contract if that party does not perform.
verified answers
Acceptance (249) Ans✓✓✓ A voluntary act by the offeree that shows
agreement to the terms of an offer.
Accord and satisfaction (266) Ans✓✓✓ When a debtor offers to pay,
and a creditor accepts, a lesser amount that the creditor originally
claimed was owed.
Adhesion contract (300) Ans✓✓✓ Contracts written exclusively by one
party and presented to the other party on a take-it-it-or-leave-it basis.
Age of majority (273) Ans✓✓✓ The age when a person is no longer a
minor.
Agreement (240) Ans✓✓✓ The meeting of parties on the terms of the
contract and the manifest of each other and their mutual assent to the
same bargain.
Alienation (322) Ans✓✓✓
Anticipatory repudiation (340) Ans✓✓✓ The refusal of a party to carry
out the contractual obligations, before having a duty to perform.
, Assignee (319) Ans✓✓✓ The party receiving the rights of an
agreement.
Assignment (319) Ans✓✓✓ The transfer of contractual rights to a third
party.
Assignor (319) Ans✓✓✓ The party assigning the rights of an agreement
to a third party.
Bilateral contract (228) Ans✓✓✓ A contract where the offeree can
accept simply by promising to preform; a promise for a promise
Breach of contract (338) Ans✓✓✓ The nonperformance of a
contractual duty.
Browse-wrap terms (254) Ans✓✓✓
Click-on agreement (253) Ans✓✓✓ The acceptance that includes the
act of clicking on a box indicated "I accept" or "I agree" to accept an
online offer.
Collateral promise (308) Ans✓✓✓ A promise that is subsidiary to a
principal transaction or primary contractual relationship; a promise
made by a third party to assume the debts or obligations of a primary
party to a contract if that party does not perform.
