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PUT YOUR KNOWLEDGE TO WORK
Contract Law: Special Types of Contracts Online Tests
19 questions. Choose an answer for each, then review the explanations.
What is a unilateral contract?
A contract with mutual obligations
A contract where only one party makes a promise
A contract that is not enforceable
A contract with multiple parties
How is an implied contract formed?
Through verbal communication
Through written documentation
Through the conduct of the parties
Through formal agreement
Why are quasi-contracts created?
To enforce written agreements
To prevent unjust enrichment
To validate illegal contracts
To enforce employment contracts
What is an executed contract?
A contract that is fully performed by all parties
A contract that is voidable
A contract that is still ongoing
A contract that is not in writing
What characteristic defines adhesion contracts?
Negotiated by all parties involved
Offers equal bargaining power to all parties
Presented on a 'take it or leave it' basis by one party
Requires the signature of all parties
What is a distinctive feature of aleatory contracts?
Performance is dependent on uncertain events
They are always in writing
They are illegal
They involve real estate transactions
What makes a contract unconscionable?
It is not in writing
It heavily favors one party over the other
It is a contract for employment
It involves a minor
Can a voidable contract be enforced?
Yes, always
No, never
Yes, if the party with the power to void decides to enforce
Only if it is in writing
What is a requirement contract?
A contract with specific performance clauses
A contract where a buyer agrees to purchase a seller’s output
A contract where a buyer agrees to purchase what they need from a seller
A contract that is legally required
Which contract involves promises from both parties?
Unilateral contract
Bilateral contract
Aleatory contract
Adhesion contract
What is an express contract?
A contract implied by conduct
A contract explicitly stated by the parties
A contract enforced by law
A contract without consideration
Is mutual agreement required for quasi-contracts?
Yes
No
Only in certain jurisdictions
Only for verbal agreements
What is an executory contract?
A contract that is void
A contract fully performed by all parties
A contract with at least one party yet to fulfill obligations
A written contract
Are adhesion contracts always enforceable?
Yes, always
No, never
Yes, if they are in writing
It depends on whether the terms are deemed unconscionable or not
Which contract type is often used in insurance policies?
Bilateral contract
Unilateral contract
Aleatory contract
Adhesion contract
What factor can make a contract unconscionable?
Lack of written form
Extensive negotiation process
Grossly unfair terms
Valid consideration
What makes a contract void?
Minor breach by one party
The involvement of minors
Lack of legal capacity or illegal purpose
Failure to put it in writing
What obligation does the seller have in an output contract?
To buy goods from a specific buyer
To sell all they produce to a specific buyer
To negotiate terms for every transaction
To sell goods at a predetermined price
Can unilateral contracts be revoked after performance has begun?
Yes, at any time
No, not once performance has commenced
Only with mutual agreement
Only if there is a breach by the performing party
Finish and review →
