Contract

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/contract

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the core elements for contract validity?Offer, acceptance, consideration, intention to create legal relations, and legal capacity
2. What is the primary contractual remedy?Monetary damages, aiming to compensate the non-breaching party for their losses
3. What makes a contract real?A real contract has an offer, an acceptance, something of value exchanged, a wish to be legally bound, and people who can legally agree.
4. Why do some contracts have to be written?Some contracts, like ones about land or that take more than a year, must be written so people can prove what was agreed and stop cheating.

Unilateral Contract: A contract where acceptance is through performance, such as offering a reward for finding a lost pet.
Bilateral Contract: A contract where both parties exchange promises, creating mutual obligations.