Contract Vocabulary 3
Choose the correct answer(s) from those given for each question.
Good Luck!
How many elements are there in the formation of a contract, and what are they (choose all that apply)?
For a contract to be valid, the parties must have _____.
- privity
- duress
- legal capacity
A contract can be cancelled if it has been induced by _____ (choose all that apply).
What rule covers third parties rights under a contract?
- bilateral
- privity
- unilateral
If I offer a reward to anyone who finds my lost dog, this is a _____ contract.
- unilateral
- bilateral
- limited offer
When you rent a car, you are responsible for the cost of the fuel. This is not in the rental contract, because it is _____.
- an invitation to treat
- unilateral
- an implied term