Personal Finance Quiz #2
Authored by Jackie Aguiar
Business
9th - 12th Grade
Used 2+ times
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31 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A contract is a legally enforceable agreement between two or more people, spelling out your rights and responsibilities.
true
false
I DON'T KNOW
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A credit application asks you to agree to certain conditions after opening a certain account.
true
false
I DON'T KNOW
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To be legally enforceable, the contract mustn't have a lawful purpose.
true
false
I DON'T KNOW
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
All products contain implied warranties.
true
false
I DON'T KNOW
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Not every state has a statute of frauds.
true
false
I DON'T KNOW
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A contract is a legally enforceable agreement between two or more people
true
false
I DON'T KNOW
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a legally binding contract, consideration can not be an item of value, money, a promise, or performed service
true
false
I DON'T KNOW
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