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Jamie Grubic Welcome ! The Topic For Today Is…. Contracts. Topic 1: 200. Question: Proposal by one party to another. Answer Offer. Back. Topic 1: 400. Question: Willingness to go alone with an offer. Answer Acceptance. Back. Topic 1: 600. Question: Has no legal affect. Answer - PowerPoint PPT Presentation
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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
Back
Topic 1: 400• Question:• Willingness to go alone with an offer.• Answer• Acceptance.
Back
Topic 1: 600• Question:• Has no legal affect.• Answer• Void.
Back
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
Back
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
Back
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.