5 Questions
What is the technical term for 'something in return' in a contract?
Consideration
What is the term for a proposal that has been accepted?
Promise
What is the term for every promise and set of promises forming the consideration for each other?
Agreement
What is an agreement that is not enforceable by law called?
Void agreement
What signifies one person's willingness to do or abstain from doing something with a view to obtaining the assent of another person?
Offer
Test your knowledge of basic contract law concepts like offer, acceptance, and promise with this quiz.
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