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Questions and Answers
Which of the following is an example of an invalid contract?
Which of the following is an example of an invalid contract?
- A contract specifying illegal activity (correct)
- An oral contract outlined and agreed to via spoken communication
- A contract with restrictions as to the competency of parties
- A written contract between two parties
Which situation would result in an illegal contract?
Which situation would result in an illegal contract?
- A contract with a drunken person (correct)
- A written contract between a lender and a borrower
- An oral contract agreed to via spoken communication
- A contract between two competent parties
What is the form of an oral contract?
What is the form of an oral contract?
- An agreement outlined and agreed to via spoken communication (correct)
- A contract with restrictions as to the competency of parties
- A contract specifying illegal activity
- A printed agreement between two parties
Which party lacks legal capacity to enter into a contract?
Which party lacks legal capacity to enter into a contract?
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What is a written contract?
What is a written contract?
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Which situation would result in an illegal contract?
Which situation would result in an illegal contract?
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Who lacks legal capacity to enter into a contract?
Who lacks legal capacity to enter into a contract?
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What is the form of a written contract?
What is the form of a written contract?
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Which party lacks legal capacity to enter into a contract?
Which party lacks legal capacity to enter into a contract?
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What is an oral contract?
What is an oral contract?
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