Offer

Acceptance

Consideration

All of the above

An offer is a definite proposal, while an invitation to treat is a mere expression of willingness to negotiate.

An offer is made to a specific person, while an invitation to treat is made to the general public.

An offer is binding, while an invitation to treat is not.

All of the above

Acceptance must be communicated to the offeror.

Acceptance must be unconditional.

Acceptance must be in the same form as the offer.

All of the above

Consideration is the price paid for a promise.

Consideration must be of value.

Consideration must be legal.

All of the above

The parol evidence rule prohibits the introduction of extrinsic evidence to vary or contradict the terms of a written contract.

The parol evidence rule applies only to contracts that are fully integrated.

The parol evidence rule can be rebutted by evidence of fraud, mistake, or duress.

All of the above

A condition is a material term of a contract, while a warranty is a minor term.

A condition must be breached before the non-breaching party can terminate the contract, while a warranty does not.

A condition is created by the parties' express agreement, while a warranty is created by law.

All of the above

Damages

Specific performance

Rescission

All of the above

The statute of limitations for breach of contract varies from state to state.

The statute of limitations for breach of contract is generally four years.

The statute of limitations for breach of contract can be tolled by certain events, such as fraud or minority.

All of the above

The doctrine of unconscionability allows a court to refuse to enforce a contract that is grossly unfair or oppressive.

The doctrine of unconscionability is based on the principle that a contract should be fair and equitable to both parties.

The doctrine of unconscionability can be applied to both procedural and substantive unconscionability.

All of the above

A void contract is a contract that is legally unenforceable from the beginning, while a voidable contract is a contract that is valid until it is rescinded.

A void contract is created by a mistake of law, while a voidable contract is created by a mistake of fact.

A void contract cannot be ratified, while a voidable contract can.

All of the above

The doctrine of frustration of purpose allows a court to discharge a contract when the purpose of the contract has been frustrated.

The doctrine of frustration of purpose is based on the principle that a contract should not be enforced if it would be unjust to do so.

The doctrine of frustration of purpose can be applied to both objective and subjective frustration.

All of the above

The doctrine of impossibility allows a court to discharge a contract when it is impossible to perform the contract.

The doctrine of impossibility is based on the principle that a contract should not be enforced if it is impossible to perform.

The doctrine of impossibility can be applied to both objective and subjective impossibility.

All of the above

The doctrine of duress allows a court to void a contract that was entered into under duress.

Duress can be either physical or economic.

Duress must be the sole cause of the contract being entered into in order to be void.

All of the above

The doctrine of undue influence allows a court to void a contract that was entered into under undue influence.

Undue influence can be either actual or constructive.

Undue influence must be the sole cause of the contract being entered into in order to be void.

All of the above

The doctrine of mistake allows a court to void a contract that was entered into under a mistake of fact.

A mistake of fact must be material in order to void a contract.

A mistake of law cannot void a contract.

All of the above