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.

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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

What are “Benefits” and “Determents”?