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A Game of X’s and O’s
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Scoreboard
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X
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O
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Click Here if
X Wins
Click Here if
O Wins
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What kind of contract has no legal effect
and amounts to nothing?
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Void
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What is it called when the offer
is taken back?
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Revocation
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What if you want to hold an
offer open for a period of time?
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Option
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How long does an offer stay
open, if not stated?
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A “reasonable” period of time
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List all 6 elements of a contract.
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Offer, acceptance, genuine agreement,
capacity, legality, consideration
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What kind of contract is it if it can be
cancelled by one of the parties?
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Voidable
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What kind of contract is one that
is stated in words and can be
either oral or written?
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Express Contract
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What makes an offer
enforceable at law?
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Definite and certain
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List 3 ways to terminate an offer.
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Revocation, rejection, counteroffer,
Home expiration of time, option or death/insanity