Contracts Review

If an offeree clearly rejects the offer, the offer is:

I say to you, "If you paint my house on Saturday I will pay you $1,000." You come and paint on Sat. Is there a contract?

The Party to whom an offer is made is called:

If the parties to a contract have mutual obligations to perform it, the contract is:

The affirmative response necessary to transform an offer into a contract is called:

A binding agreement formed by a mutual exchange of legally binding promises is called:

The offeror's withdrawal of an offer before it is accepted is called:

The requirement that the terms in an acceptance exactly match the terms in the offer is called:

The elements of a contract are:

If either the offeror or offeree is "adjudged insane," the contract is

I say, "I want to sell my car." You say, "I will buy it." Valid contract?

Which of the following is not essential for a valid contract?

A response by the offeree, with new terms, which ends the original offer, is called:

Treatment at the hospital creates an implied contract.

All agreements must be in writing to be enforceable in court.