Deal or No Deal: Contract Law Check


Deal or No Deal: Contract Law CheckOnline version Courtroom-style exit quiz on contract basics by Nakeith Phillips 1 In advertising, a sale price on a poster is typically: a A binding offer b A contract term c Not an offer, but an invitation to negotiate d A unilateral promise 2 What generally marks acceptance in a bilateral contract? a Waiting for a counteroffer b Communicating assent to the offer c Signing the contract without reading d Only performing the act requested 3 Which element was missing in the Pepsi Harrier Jet case to form a valid contract? a A genuine, serious offer b Consideration c Mutual assent d Capacity to contract 4 Which contract element requires both sides to agree to the terms? a Offer b Consideration c Mutual assent d Capacity to contract 5 What does capacity mean in contract law? a Respect for the contract b Legal ability to enter into a contract c Ability to negotiate only in writing d Financial ability to pay 6 What is 'consideration' in a contract? a A written signature only b A court ruling c Something of value exchanged between the parties d A legal filing fee 7 A contract formed by actions rather than words is called: a A unilateral contract b A void contract c An implied contract d An express contract 8 Express vs implied contracts are distinguished by: a Expressions of terms versus conduct b Costs and penalties c Party ages d Duration and territory 9 What outcome did the Pepsi case illustrate about offers? a It required immediate performance by all viewers b The advertisement was not a binding offer c It created a void contract d It was immediately enforceable 10 If you score 8/10, what should you do on the final screen? a Show the verdict and readiness message to the teacher b Reset and retake without teacher notice c Delete the screen and try again later d Ignore the score Feedback 1 Advertisements usually invite offers rather than constitute offers themselves, so they aren’t binding contracts. 2 In bilateral contracts, acceptance is an assent communicated to the offeror, creating mutual obligations. 3 The court found the ad was puffery, not a serious offer capable of forming a contract. 4 Mutual assent is the meeting of minds on essential terms, forming the contract. 5 Capacity ensures parties understand the agreement and are legally able to bind themselves. 6 Consideration is the bargained-for exchange that supports a contract. 7 Implied contracts arise from conduct, not explicit terms. 8 Express contracts state terms; implied contracts are inferred from behavior and circumstances. 9 The ad was treated as puffery, not a concrete offer capable of enforcement. 10 Final verdict should clearly show score and readiness status for teacher validation.

1

In advertising, a sale price on a poster is typically:

a

A binding offer

b

A contract term

c

Not an offer, but an invitation to negotiate

d

A unilateral promise

2

What generally marks acceptance in a bilateral contract?

a

Waiting for a counteroffer

b

Communicating assent to the offer

c

Signing the contract without reading

d

Only performing the act requested

3

Which element was missing in the Pepsi Harrier Jet case to form a valid contract?

a

A genuine, serious offer

b

Consideration

c

Mutual assent

d

Capacity to contract

4

Which contract element requires both sides to agree to the terms?

a

Offer

b

Consideration

c

Mutual assent

d

Capacity to contract

5

What does capacity mean in contract law?

a

Respect for the contract

b

Legal ability to enter into a contract

c

Ability to negotiate only in writing

d

Financial ability to pay

6

What is 'consideration' in a contract?

a

A written signature only

b

A court ruling

c

Something of value exchanged between the parties

d

A legal filing fee

7

A contract formed by actions rather than words is called:

a

A unilateral contract

b

A void contract

c

An implied contract

d

An express contract

8

Express vs implied contracts are distinguished by:

a

Expressions of terms versus conduct

b

Costs and penalties

c

Party ages

d

Duration and territory

9

What outcome did the Pepsi case illustrate about offers?

a

It required immediate performance by all viewers

b

The advertisement was not a binding offer

c

It created a void contract

d

It was immediately enforceable

10

If you score 8/10, what should you do on the final screen?

a

Show the verdict and readiness message to the teacher

b

Reset and retake without teacher notice

c

Delete the screen and try again later

d

Ignore the score

Feedback

1

Advertisements usually invite offers rather than constitute offers themselves, so they aren’t binding contracts.

2

In bilateral contracts, acceptance is an assent communicated to the offeror, creating mutual obligations.

3

The court found the ad was puffery, not a serious offer capable of forming a contract.

4

Mutual assent is the meeting of minds on essential terms, forming the contract.

5

Capacity ensures parties understand the agreement and are legally able to bind themselves.

6

Consideration is the bargained-for exchange that supports a contract.

7

Implied contracts arise from conduct, not explicit terms.

8

Express contracts state terms; implied contracts are inferred from behavior and circumstances.

9

The ad was treated as puffery, not a concrete offer capable of enforcement.

10

Final verdict should clearly show score and readiness status for teacher validation.