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What Is an Offer in Contract Law?

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

John saw an ad for a new car in Sunday's paper. He noticed the model that he was most interested in started at $15,000. Does John have a valid offer?

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1. Paul offered to sell his home to Desmond for the sum of $250,000. However, by the time the paperwork was completed, Desmond had passed away prior to the transaction. Can this contract be terminated?

2. Daphne offered to sell her diamond engagement ring to Polly after she and her boyfriend broke up. A few days later, Daphne and her boyfriend made up and got back together. Daphne changed her mind and decided that she no longer wanted to sell her ring. Polly was okay with Daphne's decision since they had not yet set a price or exchanged money. What happens now?

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About This Quiz & Worksheet

There are several elements that must be included in the formation of a contract. This quiz/worksheet combo will help test your understanding of the element of the offer. You'll be tested by being given a scenario and then being asked to identify whether the offer was valid or if it can be terminated or revoked.

Quiz & Worksheet Goals

In these assessments you'll be tested on the following aspects of what constitutes an offer for a contract:

  • What makes an offer valid
  • When a contract can be terminated
  • When an offer can be revoked

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Making connections - use understanding of the concept and importance of offers in the formation of a contract
  • Problem solving - use acquired knowledge to apply the concept of an offer to fact patterns
  • Information recall - access the knowledge you've gained regarding validity and revocation of an offer
  • Knowledge application - use your knowledge to answer questions about validity and revocation of offers and termination of contracts

Additional Learning

The accompanying lesson called What is an Offer in Contract Law? will help you learn about the importance of an offer in the formation of a contract. This lesson covers the following aspects of law:

  • The six elements of a contract
  • What makes something an offer
  • What is a counter-offer
  • Terminating or revoking an offer
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