2. Nasca 2010 100 200 300 400 500

3. The taking back of an offer by the offeror is cancellation. consideration. rejection. revocation. revocation 100

4. A contract that contains a promise by both parties is bilateral. express. implied. unilateral. bilateral. 200

5. To be effective, an offer must be communicated to the attorney. lender. offeree. offeror. offeree. 300

6. In contract law, consideration can be defined as anyone who enters into a legal contract has the ability to do so. contracts that involve illegal acts are not allowed. both parties communicating clearly when entering into a contract. the thing of value promised in exchange for something else of value. the thing of value promised in exchange for something else of value. 400

7. In order for the acceptance to be legally binding, it must be unconditional and follow the rules regarding the method of acceptance. made in person and follow the rules regarding the method of acceptance. unconditional and in writing by the offeror and offeree. made in person and in writing by the offeree. unconditional and follow the rules regarding the method of acceptance. 500

8. A contract that comes about from the actions of the parties implied contract 100

9. Any agreement enforceable by law contract 200

10. A response to an offer that changes the terms of the original offer counteroffer 300

11. Proposal by one party to another party to enter into a contract offer 400

12. A contract stated in words; may be oral or written express contract 500

13. The age of majority in most states is 16. 18. 20. 21. 18 100

14. When a minor disaffirms a contract, the merchandise received upon entering the contract should be paid for. returned. ratified. undamaged. returned 200

15. A minor who claims to be over the age of majority commits extortion. fraud. larceny by false pretenses. misrepresentation. fraud 300

16. A court may refuse to enforce a contract that it finds illusory. inadequate. fair. unconscionable. unconscionable 400

17. A minor is held responsible for the fair value of athletic shoes. CDs. medical care. video games. medical care 500

18. When a contract ends, it is said to be avoided discharged. released. tendered. discharged 100

19. The act of destroying someone's free will by force, threat of force, or bodily harm is called duress. libel. undue influence. slander. duress 200

20. A deliberate deception to secure unfair or unlawful gain is called a unilateral mistake. fraud. libel. misrepresentation. fraud. 300

21. If what seems to be a valid contract turns out not to be, the contract is deceptive. defective. fraudulent mistaken. defective. 400

22. Threats of a business nature that cause a person to enter into a contract without real consent would qualify as duress. economic duress. fraud. undue influence. economic duress 500