One party in a contract CAN transfer _____, but can NEVER transfer ________.

A court order that prevents a party from performing a specific act

A care-giver who had an elderly person change his or her will might be accused of...

The act of destroying somebody's free will by force

A business promises to donate money to a charity

Each party in a valid contract must be giving up something

If you pay cash for a bike, the bike is the benefit and the cash is the __________.

Requires the original written agreement be used as evidence in court.

The statute of frauds requires this to be in writing

A written contract must include all of these EXCEPT...

Charging more than the maximum legal interest rate is...

One party agrees to accept less than contracted amount to settle a dispute

A "take-it-or-leave-it" offer; contract bullying

A court may choose not to uphold a contract where one party is paying WAY too much

A law that requires certain contracts to be in writing

One who is no longer under the legal control of their parents is...

Which is NOT one of the required elements of a contract?

A customer hands $20 to a gas station clerk, then pumps gas. No words are spoken.

A reward ad in the paper is an example of...

A _______ contract assures that both parties agree to terms and provides proof of the contract.

Which is NOT a requirement of an offer?

A store that advertises TVs for $200 is...

The terms stated in the acceptance of an offer must be exactly the same as in the offer

Which of these does not terminate an offer?

the taking back of an offer by the offeror