Chapter 2 Contract Law
Quiz
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Other
•
12th Grade
•
Medium
+2
Standards-aligned
Victoria Flynn
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35 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is NOT one of the major requirements of a contract?
time
genuine assent
capacity
consideration
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A valid offer must be communicated to the offeree and
the offeror must intend to create a legal obligation
the terms must be definite and complete
BOTH
NEITHER
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An unaccepted offer may be terminated by
a counteroffer
a reasonable length of time
the rejection of the offeree
all of these are correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A firm offer is binding
for a stated time
for not more than three months
even when nothing is paid by the offeree
all of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is no contract
without the exchange of money
without both offer and acceptance on mutually agreed terms
BOTH
NEITHER
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Social arrangements
are not legal obligations
are legal contracts
are subject to breach of contract
none of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capacity to contract means that the person
has a genuine need for the goods or services purchased
has ample room to store goods that are purchased
has the ability according to law, to understand his or her actions and the effect of those actions
all of these
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