Question

6. What is an acceptance?
A. A confirming notice accepting the terms of the offer.
B. A voluntary act by the offeree that shows assent, or agreement, to the terms of an offer that
may consist words or conduct
C. All of the above
D. None of the above
7. What is contractual consideration?
A. The value given in return for a promise or performance
B. The giving of something of legally sufficient value and a bargained –for-exchange
C. All of the above
D. None of the above
8. Contractual capacity is the mental capacity required by law to enter into a contractual relationship.
A. True
B. False
C. None of the above
9. Which of the following individuals may be found to lack the requisite contractual capacity to enter
into a contract?
A. Intoxicated persons
B. Mentally incompetent persons
C. Minors
D. All of the above
E. None of the above
10. Assignment is the transfer to another of a contractual duty.
A. True
B. False
C. None of the above

11. Delegation is the transfer to another of all of part of one’s rights arising under a contract.
A. True
B. False
C. None of the above

12. Strict Liability is imposed on those engaged in abnormally dangerous activities, on persons who
keep dangerous animals, and on manufactures or sellers that introduce into commerce goods that are
unreasonably dangerous when in a defective condition.
A. True
B. False
C. None of the above

Answer 1

Answer:6.An acceptance is:(C) All of the above.It means it conculdes(A) A confirm notice accepting the terms of the offer.It also concludes (B) A voluntary act by the offeree that show assent or agreement to the terms of an offer that may consist words or conduct.

7.Contractual Consideration is :(C) All of the above.It concludes:(A) The value given in return for a promise or performance & (B) The giving something of legally sufficient value and a bargained for exchange.

8.Contractual Capacity is the mental capacity required by law to enter into a contractual relationship.

(A) True

9.Which of the following individuals may be found to lack the requisite contractual capacity to enter into a contract.

(D) All of the above(that mentioned in options)

10.Assignment is the transfer to another of a contractual duty

(A) True.

11.Delegation is the transfer to another of all of part of one's rights arising under a contract.

(A) True

12.Strict liability is imposed on those engaged in abnormally dangerous activities,on persons who keep dangerous animals,and on manufactures or sellers that introduce into commerce goods that are unreasonably dangerous when in a defective condition.

(A)True