Law of Contracts Basics
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Questions and Answers

What is the technical term for 'something in return' in a contract?

  • Acceptance
  • Quid pro quo
  • Promise
  • Consideration (correct)

What is the term for a proposal that has been accepted?

  • Acceptance
  • Offer
  • Promise (correct)
  • Agreement

What is the term for every promise and set of promises forming the consideration for each other?

  • Acceptance
  • Agreement (correct)
  • Offer
  • Contract

What is an agreement that is not enforceable by law called?

<p>Void agreement (B)</p> Signup and view all the answers

What signifies one person's willingness to do or abstain from doing something with a view to obtaining the assent of another person?

<p>Offer (A)</p> Signup and view all the answers

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