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Formation of Contracts Quiz

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1. What is required from both parties in a contract to make it legally binding?

2. Which of the following best describes an offer in the context of contract formation?

3. At what point does acceptance of an offer become legally binding?

4. Which of the following is NOT a requirement for a valid contract?

5. What does 'legal capacity' in the context of contract law refer to?

6. In contract law, what is meant by 'legality of the object'?

7. Which of the following correctly explains 'unilateral contracts'?

8. What distinguishes a 'bilateral contract' from a 'unilateral contract'?

9. For a contract to be enforceable, why is 'contractual intention' important?

10. Which of the following scenarios does NOT constitute a valid offer?