Ch.12 Contracts

Question 1

A ____ is a person who makes a promise

Answer 1

Promiser

Question 2

Objective theory of contracts - a theory under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party’s own secret. t or f

Answer 2

True

Question 3

there are ___ requirement that must be met before a valid contract exists

Answer 3

four

Question 4

when one party makes a promise in exchange for an act a ___ contract is formed

Answer 4

Unilaterl