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BUSINESS LAW- CHAPTER 2

Authored by NOR DIN

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University

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BUSINESS LAW- CHAPTER 2
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Promisor also know as_______________.

offeree

offeror

proposal

promisee

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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A contract may be discharged by ________________.

coercion

intention

damages

agreement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Which of the following statement is TRUE regarding offer?

An invitation to treat is an offer

An offer must be communicated

Definition of offer can be found in Section 2(b) of the Contracts 1950

An offer made in words (oral or written) is said to be expressed

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Which of the following is NOT the element of contract?

Intention to create legal action

Capacity to enter into contract

Offer and acceptance

Formalities of a contract

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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Based on the law of the contract, a contract made under fraud is a _____________________.

voidable contract

void contract

valid contract

breach of contract

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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All the followings agreements are void EXCEPT:

An agreement made with inadequate considerations

An agreement in restraint of trade

An agreement by wager

An agreement with uncertain term which is not capable of being made certain

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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The general rules state that contracts made by minors are void EXCEPT:

Contracts of buying product

Contracts of partnership

Contracts of scholarship

Contracts of sales of goods

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