Questions & Verified Answers | Law School Admissions Test
Prep | A+ Graded
1. What is "acceptance" in contract law?
A. A counteroffer to the original proposal
B. Assent to the terms of an offer
C. A modification of an existing contract
D. A rejection of the offer
Answer: B. Assent to the terms of an offer.
Explanation: Acceptance is the unqualified agreement to the terms proposed by the offeror, forming a
binding contract.
2. How is acceptance determined in contract law?
A. Objectively, by the reasonable person standard
B. Subjectively, by the offeree's intent
C. By a thirdparty review
D. By the offeror's belief only
Answer: A. Objectively, by the reasonable person standard.
Explanation: Courts evaluate acceptance objectively, based on how a reasonable person would interpret
words or conduct.
,3. Can acceptance be implied?
A. Only in writing
B. No, it must be express
C. Yes, by conduct indicating assent
D. Only through verbal communication
Answer: C. Yes, by conduct indicating assent.
Explanation: Acceptance may be inferred from behavior consistent with agreement, such as beginning
performance.
4. What condition must be met for acceptance to be binding?
A. It must be delayed until after the offer expires
B. It must be communicated in a manner authorized or reasonably expected by the offeror
C. It must include a counteroffer
D. It must be secret
Answer: B. It must be communicated in a manner authorized or reasonably expected by the offeror.
Explanation: Acceptance must follow the communication method expected or authorized by the offeror
to be valid.
,5. "Accruing" most closely means:
A. Diminishing
B. Reversing
C. Accumulating over time as a periodic gain
D. Canceling
Answer: C. Accumulating over time as a periodic gain.
Explanation: The term refers to gradual accumulation, such as interest accruing on unpaid balances.
6. In legal terms, to "affirm" means:
A. To confirm or ratify
B. To repeal or reverse
C. To defer judgment
D. To dispute validity
Answer: A. To confirm or ratify.
Explanation: To affirm means to validate or uphold a prior decision or statement.
7. When an appellate court "affirms" a ruling, it means:
, A. The decision is overturned
B. The case is remanded
C. The decision is vacated
D. The prior ruling stands as rendered
Answer: D. The prior ruling stands as rendered.
Explanation: Affirming means the higher court agrees with and upholds the lower court's judgment.
8. Which of the following best defines "negligence"?
A. Intentional harm to another
B. Failure to exercise reasonable care, resulting in damage
C. Breach of a formal contract
D. Violation of constitutional rights
Answer: B. Failure to exercise reasonable care, resulting in damage.
Explanation: Negligence is the failure to exercise reasonable care that a prudent person would exercise
in similar circumstances, resulting in harm.
9. A contract must be supported by consideration.
A. True