Business Contracts Trivia

When a party to a contract transfers his contractual rights to another, it is known as

The correct sequence in the formation of a contract is 

Consideration in a contract ____

A contract where the seller transfers or agrees to transfer property in goods to buyer for a price is called

A contract to perform the promise or discharge the liability of a third person is case of his default is called _____.

What does “mutual assent” mean in contract law?

Which type of contract is formed when one party makes a promise in exchange for an act?

Which of the following is typically not a term found in a sales contract?

Which type of term in a contract is essential to the contract’s formation and can lead to a breach if not fulfilled?

Which of the following are contingent contracts?