Jamie GrubicWelcome!

The Topic For Today Is…

ContractsTopic 1 Topic 2 Topic 3 Topic 4

200 200 200 200

400 400 400 400

600 600 600 600

800 800 800 800

1000 1000 1000 1000

Bonus Question: 5000 pts

Topic 1: 200• Question:• Proposal by one party to another.• Answer• Offer

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Topic 1: 400• Question:• Willingness to go alone with an offer.• Answer• Acceptance.

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Topic 1: 600• Question:• Has no legal affect.• Answer• Void.

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Topic 1: 800• Question:• Agreement is true and genuine.• Answer• Genuine Agreement

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Topic 1: 1000• Question:• Taking back of an offer.• Answer• Revocation

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Topic 2: 200• Question:• Approve.• Answer• Ratify

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Topic 2: 400• Question:• Overcoming a person’s will by force.• Answer• Duress

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Topic 2: 600• Question:• Contract that comes from the actions of the

parties.• Answer• Implied Contract

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Topic 2: 800• Question:• When a contract is able to void or cancel a

contract for some legal reason.• Answer• Voidable

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Topic 2: 1000• Question:• Refusal of an offer by the offeree.• Answer• Rejection

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Topic 3: 200• Question:• Legally good.• Answer• Valid

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Topic 3: 400• Question:• Any agreement enforceable by law.• Answer• Contract

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Topic 3: 600• Question:• Legal ability to enter a contract.• Answer• Capacity

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Topic 3: 800• Question:• Contract that may be oral or written.• Answer• Express Contract

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Topic 3: 1000• Question:• Promise made by two parties.• Answer• Bilateral Contract

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Topic 4: 200• Question:• Contract must not violate statutes.• Answer• Legality

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Topic 4: 400• Question:• Response to an offer which the terms of the

original offer are changed.• Answer• Counteroffer.

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Topic 4: 600• Question:• Promise made by one party.• Answer• Unilateral Contract

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Topic 4: 800• Question:• Exchange of things of value.• Answer• Consideration

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Topic 4: 1000• Question:• Terms stated in the acceptance must exactly

mirror the terms of the offer.• Answer• Mirror Image Rule

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Daily Double

The Winner Of The Last RoundWrite Down How Much Money

You Are Willing To RiskIf You get the Question write you win that money

If you get it wrong you Loss the money!

Name the three requirements of an offer.

Daily Double

The Winner Of The Last RoundWrite Down How Much Money

You Are Willing To RiskIf You get the Question write you win that money

If you get it wrong you Loss the money!

Name the four ways you can terminate an offer.