Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following is NOT one of the essential elements of a contract?
Which of the following is NOT one of the essential elements of a contract?
- Acceptance
- Consideration
- Performance (correct)
- Offer
What is the main difference between a spoken contract and a written contract?
What is the main difference between a spoken contract and a written contract?
- Written contracts require more witnesses
- Written contracts are not legally binding (correct)
- Spoken contracts require more witnesses
- Spoken contracts are not legally binding
Why was Patrick's contract not enforceable?
Why was Patrick's contract not enforceable?
- There was no consideration
- The offer was not accepted
- The contract was not in writing
- The buyer was a minor (correct)
What is an offer in the context of a contract?
What is an offer in the context of a contract?
Signup and view all the answers
What is acceptance in the context of a contract?
What is acceptance in the context of a contract?
Signup and view all the answers
Flashcards are hidden until you start studying
