Business Law: Chapter 6 (Offer & Acceptance) Review

Business Law: Chapter 6 (Offer & Acceptance) Review

10th - 12th Grade

16 Qs

quiz-placeholder

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Business Law: Chapter 6 (Offer & Acceptance) Review

Business Law: Chapter 6 (Offer & Acceptance) Review

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

undefined Slagle

Used 118+ times

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16 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The person to whom an offer is made is the

offeror

offeree

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

All contracts have to be in writing to be enforceable.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Item marked for $121.00 is an

Offer

Invitation to Negotiate

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Offeree gives something of value for a promise to keep the offer open is a(n)

Option

Counteroffer

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

No response can be construed as acceptance

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Acceptance is effective when

received

sent

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If a person does not know of a reward, is he/she still entitled to it?

Yes

No

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