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
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
