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CONTRACT LAW EXAM 2025 QUESTIONS AND ANSWERS contract - ....ANSWER ...-a formalized agreement between two parties to perform or refrain from performing one or more particular things meeting of the minds - ....ANSWER ...-The mutual consent of all parties involved in making a contract is crucial for a contract to be considered legal. This mutual agreement is commonly referred to offeror - ....ANSWER ...-make a proposal to enter into a contract offeree - ....ANSWER ...-the party to which the offer is made revocation of offer - ....ANSWER ...-The offeror may also take back the offer before it's accepted, a move known legally consideration - ....ANSWER ...-something given in exchange for the action to be performed or the promise to refrain from performing something. Consideration often takes the form of money nudum pactum - ....ANSWER ...-a barren promise ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1