Ch 10 homework Business Law.docx - Contract law ensures...

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Contract law ensures that certain promises are legally binding.TrueFalse
A contract is an agreement only between parties who are not members of the same family.
An offeree is a person who makes an offer.
When the words in a contract have more than one meaning, they are generally interpreted infavor of the party who drafted the contract.
One of the requirements for a valid contract is its acceptance.TrueFalse
A unilateral contract is formed when the one receiving the offer completes the requested act orperformance.
TrueFalseAn executed contract is one that has been fully performed.
Contract law ensures that one party does not threaten another.
Tort law governs contracts.TrueFalse
A contract can be created only when a promise is given in exchange for another promise.

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Term
Winter
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