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</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</p> Signup and view all the answers

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