Question

Question 27

A contract requires:

a. an acceptance.

b. both an offer and an acceptance.

c. an offer.

d. an agreement manifested by the written or spoken words of the parties.

question 28

A right of refusal is the right of a party to meet the terms of a proposed contract before it is executed, such as a real estate purchase agreement

a. conditional

b. concomitant

c. formal

d. first

Question 29

A contract may be discharge in all of the following scenarios except:

a. commercial impracticability

b. weather conditions

c. death or disability

d. destruction of subject matter

Question 30

Courts will consider the adequacy of the consideration when:

a. one party clearly has the better side of the deal.

b. one party shows a much lower price nationally advertised on television.

c. one party has more business experience than the other.

d. one party claims to have been defrauded.

Answer 1

27)

option D

offer + acceptance = agreement + consideration = contract

28)

option D

a right of first refusal is the right of the party to meet the terms of proposed contract before it is executed

29)

option B

here, weather conditions is no where related

30)

option A

one party clearly has better side of the deal