Biz Law Ch 8 Review

Biz Law Ch 8 Review

11th - 12th Grade

37 Qs

quiz-placeholder

Similar activities

Business Law - Chapter 8

Business Law - Chapter 8

BUSINESS LAW CH. 8 REVIEW

BUSINESS LAW CH. 8 REVIEW

Business Law: Chapter 8

Business Law: Chapter 8

9-1

9-1

BL Chapter 6-10 Review - contracts

BL Chapter 6-10 Review - contracts

Chapter 8- Consideration Test

Chapter 8- Consideration Test

Chapter 5 - Business Law

Chapter 5 - Business Law

Biz Law Ch 8 Review

Biz Law Ch 8 Review

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Morgan Keck

Used 6+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration is what the promisor needs out of the bargain to make his or her promise legally binding against him or her.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A promise unsupported by consideration is generally unenforceable.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally a promise to make a gift is enforceable.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally, what the parties give and get as consideration need to be of equal economic value.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a contract's termination clause gives a party the right to terminate for any reason whatsoever er, that party's promise to perform would be illusory and non-binding as consideration.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Past performance by one party to a contract is always legally sufficient consideration for a new promise by the second party.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The payment of money for the release of an un-liquidated tort claim is adequate consideration to make the release enforceable.

True
False

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?