Contracts

Contracts

KG - University

20 Qs

quiz-placeholder

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Contracts

Contracts

Assessment

Quiz

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KG - University

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The taking back of an offer by the offeror is called

revocation
rejection
cancellation
consideration

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The person making the offer is called the 

Offeree
Offeror
Sender
Giver

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The person receiving the offer is referred to as the 

offeror
offeree
receiver
acceptor

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A contract that amounts to nothing and has no legal effect is 

unenforceable
voidable
void
unilateral

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not 1 of the 6 elements of a contract?

capacity
consideration
valid
genuine agreement

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This element refers to someones mental ability to enter into an contract.

consideration
legality
capacity
genuine agreement

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not one of the requirements of a valid offer?

made seriously
definite and certain
put in writing
communicated to offeree

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