Contracts Test
Class Period
First Name
Your answer
Last Name
Your answer
Multiple Choice
Substitution of a party to a contract
Refraining from doing what one has a right to do
Law that requires certain contracts to be in writing
When a person is forced to pay because they would unfairly benefit from a misunderstanding
Grossly inadequate, shocking the conscience of the court
Says a complete, written contract is the only evidence allowed to prove the intent of the parties
Promise or action given in exchange for the promise or action of another
Mistake that does not affect the enforcability of a contract
Making a person enter into a contract by threat or coercion
When the parties tear up a contract and go their separate ways
Duty to take reasonable steps to minimize damages
Making a person enter into a contract by deceit or trickery
Mistake that makes a contract voidable by either party
Rejection and new offer
Case Questions
Answer the following case questions in an answer of 3-5 sentences.
Bill and Ted agree to race each other on Interstate 20 with the understanding that whoever wins gets to keep the title to the other person’s car. Ted wins, but Bill refuses to give Ted the keys to his car. Ted sues Bill. Should he win? Explain.
Your answer
I sell my 1999 Ford F-150 pickup to my neighbor for one dollar. Is the consideration sufficient? Why or why not?
Your answer
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