1. DuRanda Smith’s Jeopardy Review Game for Contract Law

2. Welcome! The Topic For Today Is…. Contract Law

3. Contract Law Elements of a contract Characteristics of a contract
Termination of an offer
Requirements of Acceptance
Miscellaneous
200
400
600
800
1000
Bonus Question: 5000 pts

4. 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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5. 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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6. Topic 1: 600 Question: Name the six elements of a contract.
Answer: Capacity, consideration, legality, offer, acceptance, and genuine agreement.
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7. 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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8. Topic 1: 1000 Question: Define what is a contract.
Answer: A contract is any agreement enforceable by law.
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9. Topic 2: 200 Question: Give a definition of what valid means.
Answer: Valid is something legally good.
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10. Topic 2: 400 Question: Define a bilateral contract.
Answer: A bilateral contract is a contract that contains two promises.
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11. 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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12. 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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13. Topic 2: 1000 Question: What contract is oral or written?
Answer: An expressed contract
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14. 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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15. 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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16. 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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17. 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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18. 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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19. 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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20. 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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21. 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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22. 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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23. Topic 4: 1000 Question: list different communication to the offeree.
Answer: Offers can be made by: telephone, letter, telegram, fax, etc….
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24. Topic 5: 200 Question: What is invitations to negotiate?
Answer: They are invitations to deal, trade, or make an offer.
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25. Topic 5: 400 Question: In Latin what does bilateral mean?
Answer: Bi means two lateral means sides
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26. Topic 5: 600 Question: In Latin what does Unilateral mean?
Answer: Uni meaning one lateral meaning side?
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27. Topic 5: 800 Question: Name a well known contracts for teenagers.
Answer: cellphone contract
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28. 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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29. 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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30. Daily Double
Of the six elements, which is the most crucial to setting up a valid contract?

31. Daily Double
You 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?