1. Business Law Chapter 7 Review Game

2. Creation of Offers Termination of Offers Acceptance 100 200 300 400 500 600 700 Final Jeopardy Jeopardy

3. Advertisements are considered this, rather than an offer to contract. 100Check

4. invitations 100 Back to Category Slide

5. Breaking a date is called this, rather than a contract and does not create legal obligations. 200Check

6. Social arrangements or agreements 200 Back to Category Slide

7. The ability, according to law, to understand his/her actions and the effect of those actions is called this. 300Check

8. capacity 300 Back to Category Slide

9. The objective legal test used by jurors used to prove serious intention to contract. 400Check

10. Test of the reasonable person 400 Back to Category Slide

11. Receiving a service or making a payment, which are things of legal value, satisfies this contractual requirement? 500Check

12. Consideration 500 Back to Category Slide

13. How is price of goods determined if it is not specified in a contract between merchants. 600Check

14. Current market price 600 Back to Category Slide

15. A contract requiement that means it cannot be based on deception, important mistakes, or unfair pressure. 700Check

16. Genuine Assent 700 Back to Category Slide

17. Death or ________ eliminates control and thus, terminates an offer. 100Check

18. Insanity 1 point Back to Category Slide

19. What is the term that means the offeror withdraws an offer before it is accepted. 200Check

20. Revocation 200 Back to Category Slide

21. If the offeree changes the offeror’s term in important ways, the offer ends and what results? 300Check

22. Counteroffer 300 Back to Category Slide

23. An offeree gives the the offeror something of value in return for a promise to keep the offer open. 400Check

24. Option 400 Back to Category Slide

25. The code makes firm offers binding for the time stated. 500Check

26. UCC Uniform Commercial Code 500 Back to Category Slide

27. An unaccepted offer my be terminated by a counter offer, rejection, revocation, time stated, or __?__. 600Check

28. Reasonable length of time 600 Back to Category Slide

29. A merchant cannot revoke this type of offer; it does not end with death or insanity. 700Check

30. Firm Offer 700 Back to Category Slide

31. The only person that can accept an offer in a bilateral contract. 100Check

32. Offeree 100 Back to Category Slide

33. Acceptance must match this. 200Check

34. Offer 200 Back to Category Slide

35. When the terms of acceptance must exactly match the terms in the offer. 300Check

36. Mirror image rule 300 Back to Category Slide

37. In this type of contract, the offeror requires that the offeree indicate acceptance by performing stated obligation. 400Check

38. Unilateral 400 Back to Category Slide

39. A mailed acceptance becomes effective when this occurs. 500Check

40. It is mailed 500 Back to Category Slide

41. Special type of acceptance used between two parties that have a continuing relationship. 600Check

42. Silence 600 Back to Category Slide

43. What contract requirement is not present with a contract to kill someone? 700Check

44. Legality Back to Category Slide 700

45. Final Jeopardy Name 4 of the 6 essential elements of contracts.