Law Chapter 5 Exam

Law Chapter 5 Exam

8th - 12th Grade

20 Qs

quiz-placeholder

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Law Chapter 5 Exam

Law Chapter 5 Exam

Assessment

Quiz

Other, Specialty

8th - 12th Grade

Medium

Created by

Tina Gummo

Used 131+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An oral contract is not enforceable at law.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advertisement in newspapers, price tags, and signs in store windows are treated by the law as invitations to negotiate.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An acceptance of an offer to sell goods may not change the terms of the offer if both offeror and offeree are nonmerchants

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A valid contract must contain only four of the six elements of a contract.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration is the legal ability to enter a contract.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The taking back of an offer by the offeror is 

revocation
rejection
cancellation
consideration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract that amounts to nothing and has o legal effect is 

unenforceable
voidable
void
unilateral

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