2. Contract Formation & Law

Try these first

1. 1.

   What is an offer in a contract?

   Hint

   Think about how one party expresses intent to create an agreement.

2. 2.

   What is required for acceptance?

   Hint

   Consider the importance of agreement without any changes.

3. 3.

   What must a contract offer be?

   • Vague
   • Definite
   • Ambiguous

   Hint

   Think about how clarity aids in agreement.

4. 4.

   Is consideration mandatory for a valid contract?

   • True
   • False

   Hint

   Remember the importance of exchange in contracts.

5. 5.

   Consider a scenario where two friends agree to share a pizza; one friend chooses not to pay. Analyze if a contract was formed and under what conditions it can be deemed enforceable.

   Hint

   Reflect on the elements of contract formation in your analysis.

6. 6.

   Evaluate a contract involving the sale of fireworks where the seller is aware that it is illegal in their area. Discuss how this affects the enforceability of the contract.

   Hint

   Consider how legality affects contractual agreements.