About This Quiz & Worksheet
Acceptance of an offer can occur in many different ways.
This quiz/worksheet combo will help test your understanding of what constitutes a contract and its binding elements.
You'll be tested on areas that include types of and ways to convey acceptance as well as the mental capacity necessary for a contract.
,
How do I prepare for a contract law lesson?
Reading comprehension - ensure that you draw the most important information from the related contract law lesson Knowledge application - use your knowledge to answer questions about whether an offer has been accepted and why To learn more about the binding elements of a contract, review the accompanying lesson What is Acceptance in Contract Law? .
,
Quiz & Worksheet Goals
In these assessments, you'll be tested on the following aspects of acceptance of an offer and creation of a contract:.
1) Binding elements of a contract 2.
Mental capacity required for a contract 3.
Ways acceptance of an offer can be conveyed
,
Skills Practiced
This quiz and worksheet allow students to test the following skills:.
1) Reading comprehension- ensure that you draw the most important information from the related contract law lesson.
2) Problem solving- use acquired knowledge to solve offer and acceptance fact patterns.
3) Knowledge application- use your knowledge to answer questions about whether .
,
What are the aspects of acceptance of an offer?
In these assessments, you'll be tested on the following aspects of acceptance of an offer and creation of a contract:
Reading comprehension - ensure that you draw the most important information from the related contract law lesson Knowledge application - use your knowledge to answer questions about whether an offer has been accepted and why . ,
What happens if a contract is accepted without any objection?
The acceptance took place by performing the contract without any objection as to the terms.
If one party changes the offer in any way, this is a counter-offer that kills the original offer and the original offer cannot be accepted at a future time.
,
What is the difference between acceptance and counter-offer?
Acceptance must be full and complete.
Anything less is not acceptance and could constitute a counter-offer.
The effect of a counter offer is to destroy the original offer and replaces it with the counter-offer, which in effect then becomes the offer.