9-1
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Kyle Eckermann
Used 14+ times
FREE Resource
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A promise of a gift is enforceable in court.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A valid gift arises when there has been a transfer of possession with the intent to transfer ownership.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who makes a gift is called the donee.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consideration can be found in the exchange of benefits, or in the trading of a benefit for a detriment, or in bargaining to exchange two detriments.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To create an enforceable contract, the things exchanged must have approximately the same economic value.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A promise not to do something
Consideration
Benefit
Detriment
Forbearance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the exchange of benefits and detriments by parties to an agreement
Consideration
Benefit
Detriment
Forbearance
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