Presentation on theme: "Instructions for Legal JEOPARDY You MUST answer in the form of a question. I will only accept responses from the elected spokesperson for each team. If."— Presentation transcript:
Instructions for Legal JEOPARDY You MUST answer in the form of a question. I will only accept responses from the elected spokesperson for each team. If your team picks a category and does not answer correctly, the next team gets to try, then the next (if necessary). Control of the board then moves the team after the originators of the previous round. The team with the most points after final jeopardy wins.
Choose a category. You will be given the answer. You must give the correct question. Click to begin.
Click here for Final Jeopardy
To Be or Not to Be a Contract It’s Over! Capricious Contracts 100 Point 200 Points 300 Points 400 Points 500 Points 100 Point 200 Points 300 Points 400 Points 500 Points 300 Points 400 Points 500 Points “Meeting of the Minds” It’s Elemental
Also called, “A meeting of the minds”
What is “Mutual Agreement”?
Must be serious, specific and communicated at the beginning of a contract
What is “Offer“?
Distinguishes contracts from social arrangements
What is “Consideration”?
The legal ability to enter into a contract
What is “Capacity”?
Silence cannot be accepted as this…
What is “Acceptance”?
This type of contract has all the elements of a contract and is legally binding
What is “Valid”?
One or both of the parties can get out of this type of contract if they want to
What is “Voidable”?
This type of contract contains two promises
What is a “Bilateral” contract?
This set of laws requires certain contracts to be in writing
What is the “Statue of Fraud”?
This type of contract comes about with the actions of the parties (not words)
What is an “Implied” contract?
A deliberate deception that causes a defective agreement is called this
What is “Fraud”?
This is a form of passive fraud
What is “Concealment”?
Instead of accepting an offer, the offeree changes it slightly with this
What is a “Counteroffer”?
Advertisements that include no specific information are not offers, they are said to be this
What are “Invitations to Negotiate”?
A manager threatens to fire an employee if he does not enter into a contract. This is a defective agreement due to this
What is “Economic Duress”?
When a contract ends, it is said to be this
What is “Discharged”?
If both parties agree to end a contract before it is fulfilled, they have voluntarily discharged it through this
What is “Mutual Release”?
This law causes one party to lose the right to sue if they wait too long
What is the “Statute of Limitations”?
This is the legal term for a situation in which both parties agree to change a contract and then fulfill the new contract
What is “Accord and Satisfaction”?
A contract can be involuntarily discharged due to “impossibility” of this
What is “Performance”?
Also called “Blue Laws”, these laws make it illegal to enter into a contract on a Sunday in some states
What are “Sunday Statutes”?
This statute says that agreements cannot exceed the maximum interest rate for the state
What are “Usury Statutes”?
Includes sales slips and letters, written evidence of an agreement is called this
What is a “Memorandum”?
This is the magic dollar amount that requires a contract to be in writing
What is $500?
This rule states that a written contract must have all the terms in it – anything mentioned verbally is not admissible in court
What is the “Parole Evidence Rule”?
Make your wager
These are the two legal exchanges required for consideration