Multiple Choice
Choose the one most appropriate answer for each.
-an offer made in response to an offer
A) assign
B) attorney-in-fact
C) breach of contract
D) competent party
E) consideration
F) counteroffer
G) duress
H) forbear
I) fraud
J) liquidated damages
K) money damages
L) mutual agreement
M) novation
N) offeror
O) rescind
P) specific performance
Q) statute of frauds
R) unilateral contract
S) void contract
T) voidable contract
Correct Answer:

Verified
Correct Answer:
Verified
Q48: As a requirement of a valid contract
Q49: The purpose of requiring consideration is to
Q50: A(n)_ contract occurs when the parties to
Q51: A fraud is an act intended to
Q52: Choose the one most appropriate answer for
Q54: Choose the one most appropriate answer for
Q55: A contract created under duress is<br>A) invalid.<br>B)
Q56: If a contract is considered voidable, it
Q57: Choose the one most appropriate answer for
Q58: The statute of limitations concerns time limits