DuRanda Smith’s Jeopardy Review Game for Contract Law
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Transcript of DuRanda Smith’s Jeopardy Review Game for Contract Law
DuRanda Smith’s Jeopardy Review Game
for Contract Law
Welcome!The Topic For Today Is…. Contract Law
Contract LawElements of a contract
Characteristics of a contract
Termination of an offer
Requirements of Acceptance
Miscellaneous
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400 400 400 400 400
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1000 1000 1000 1000 1000
Bonus Question: 5000 pts
Topic 1: 200• Question 1: what is an offer?
• Answer: An offer is a proposal by one party to another intended to create a legally binding agreement.
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Topic 1: 400• Question: How would you define a genuine
agreement in your own words?
• Answer: Well Genuine is something true. A valid offer is met with a valid acceptance.
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Topic 1: 600• Question: Name the six elements of a
contract.
• Answer: Capacity, consideration, legality, offer, acceptance, and genuine agreement.
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Topic 1: 800• Question: Who are excused from contractual
responsibility ?
• Answer: Minors, mentally impaired people, and individuals under the influence of drugs or alcohol.
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Topic 1: 1000• Question: Define what is a contract.
• Answer: A contract is any agreement enforceable by law.
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Topic 2: 200• Question: Give a definition of what valid
means.• Answer: Valid is something legally good.
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Topic 2: 400• Question: Define a bilateral contract.
• Answer: A bilateral contract is a contract that contains two promises.
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Topic 2: 600• Question: In which type of contract do both
parties, the offeror and the offeree, make promises.
• Answer: A bilateral contract
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Topic 2: 800• Question: What would be an example of an
implied contract?
• Answer: when you pay for your gas you have an implied contract with the person who you paid your gas to.
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Topic 2: 1000• Question: What contract is oral or written?
• Answer: An expressed contract
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Topic 3: 200• Question: What is the difference between
revocation and rejection?
• Answer: Revocation is the taking back of an offer by the offeror. Rejection is when the offeree refuses the offer and brings the offer to an end.
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Topic 3: 400• Question: Can you change you mind and
withdraw an offer?
• Answer: You can withdraw as long as the offeree has not already accepted the offer.
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Topic 3: 600• Question: How would you describe a
counteroffer.?
• Answer: A counteroffer ends the first offer. For example) If you tell someone I will sell my car to you for 12,000 and that person says I will sell my car 10,000 .
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Topic 3: 800• Question: Describe Death or Insanity
• Answer: If the offeror dies or becomes insane before the offer is accepted, the offer comes to an end.
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Topic 3: 1000• Question: Expiration of time give an example.
• Answer: Lets just say Aniya has offered to sell her car for 1,200. Aniya tells Franny the offer will remain into effect until noon of the following day.
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Topic 4: 200• Question: How would you describe definite
and certainness?
• Answer: Definite and Certainness means that it has to be detailed and states exactly what the contract says.
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Topic 4: 400• Question: What is the Mirror Image rule?
• Answer: The Mirror Image rule means that the terms stated in the acceptance must exactly mirror or match the terms of the offer.
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Topic 4: 600• Question: How would you define serious
intent?
• Answer: I would define serious intent as entering into the contract with a legal obligation.
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Topic 4: 800• Question: How would you define definiteness
and certainty?
• Answer: Definiteness and certainty means that you state exactly what the contract is about.
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Topic 4: 1000• Question: list different communication to the
offeree.
• Answer: Offers can be made by: telephone, letter, telegram, fax, email etc….
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Topic 5: 200• Question: What is invitations to negotiate?
• Answer: They are invitations to deal, trade, or make an offer.
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Topic 5: 400• Question: In Latin what does bilateral mean?
• Answer: Bi means two lateral means sides
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Topic 5: 600• Question: In Latin what does Unilateral mean?
• Answer: Uni meaning one lateral meaning side?
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Topic 5: 800• Question: Name a well known contracts for
teenagers.
• Answer: cellphone contract
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Topic 5: 1000• Question:• You can ask a question here, it has to relate to
the topic, as # get higher, Q’s get harder!• Answer• (The answer here!)
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Bonus Question: 5000 pts.
• Question: Does a contract have to be in writing in order for it to be valid?
• Answer: No it doesn’t a contract maybe be valid orally.
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Daily DoubleOf the six elements, which is the most crucial to setting up a valid contract?
Daily DoubleYou lost your backpack and posted a $20
reward for it. If someone who did not know about the reward returned the
backpack, would you be legally obligated to pay the reward?