JEOPARDYBusiness Law

Chapter 7 Review Game

Select a Category

Creation of Offers

Termination of Offers Acceptance

100 100 100

200 200 200

300 300 300

400 400 400

500 500 500

600 600 600

700 700 700

Final Jeopardy

Creation of Offers

Advertisements are considered this,

rather than an offer to contract.

100 Check

Creation of Offers

invitations

100 Back to Category Slide

Creation of Offers

Breaking a date is called this, rather than a

contract and does not create legal obligations.

200 Check

Creation of Offers

Social arrangements or agreements

200 Back to Category Slide

Creation of Offers

The ability, according to law, to understand his/her actions and the effect of those

actions is called this.300 Check

Creation of Offers

capacity

300 Back to Category Slide

Creation of Offers

The objective legal test used by jurors

used to prove serious intention to contract.

400 Check

Creation of Offers

Test of the reasonable person

400 Back to Category Slide

Creation of OffersReceiving a service or

making a payment, which are things of

legal value, satisfies this contractual requirement?

500 Check

Creation of Offers

Consideration

500 Back to Category Slide

Creation of Offers

How is price of goods determined if it is not

specified in a contract between

merchants.600 Check

Creation of Offers

Current market price

600 Back to Category Slide

Creation of OffersA contract requiement that means it cannot

be based on deception, important mistakes, or unfair

pressure.700 Check

Creation of Offers

Genuine Assent

700 Back to Category Slide

Termination of Offers

Death or ________ eliminates control and

thus, terminates an offer.

100 Check

Termination of Offers

Insanity

1 point Back to Category Slide

Termination of Offers

What is the term that means the offeror withdraws an offer

before it is accepted.

200 Check

Termination of Offers

Revocation

200 Back to Category Slide

Termination of Offers

If the offeree changes the offeror’s term in

important ways, the offer ends and what

results?

300 Check

Termination of Offers

Counteroffer

300 Back to Category Slide

Termination of Offers

An offeree gives the the offeror something of value in return for

a promise to keep the offer open.

400 Check

Termination of Offers

Option

400 Back to Category Slide

Termination of Offers

The code makes firm offers binding for the

time stated.

500 Check

Termination of Offers

UCCUniform Commercial

Code

500 Back to Category Slide

Termination of Offers

An unaccepted offer my be terminated by

a counter offer, rejection, revocation, time stated, or __?__.600 Check

Termination of Offers

Reasonable length of time

600 Back to Category Slide

Termination of Offers

A merchant cannot revoke this type of

offer; it does not end with death or insanity.

700 Check

Termination of Offers

Firm Offer

700 Back to Category Slide

Acceptance

The only person that can accept an offer in a bilateral contract.

100 Check

Acceptance

Offeree

100 Back to Category Slide

Acceptance

Acceptance must match this.

200 Check

Acceptance

Offer

200 Back to Category Slide

Acceptance

When the terms of acceptance must

exactly match the terms in the offer.

300 Check

Acceptance

Mirror image rule

300 Back to Category Slide

Acceptance

In this type of contract, the offeror requires that

the offeree indicate acceptance by

performing stated obligation.

400 Check

Acceptance

Unilateral

400 Back to Category Slide

Acceptance

A mailed acceptance becomes effective when

this occurs.

500 Check

Acceptance

It is mailed

500 Back to Category Slide

Acceptance

Special type of acceptance used

between two parties that have a continuing

relationship.

600 Check

Acceptance

Silence

600 Back to Category Slide

Acceptance

What contract requirement is not

present with a contract to kill someone?

700 Check

Acceptance

Legality

Back to Category Slide700

Final JeopardyName 4 of the 6 essential elements of contracts.

Congratulations!

You have completed the

game of Jeopardy.