Practical Contracts

Practical Contracts

11th Grade

11 Qs

quiz-placeholder

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Practical Contracts

Practical Contracts

Assessment

Quiz

11th Grade

Medium

Created by

Maria Zuniga

Used 31+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Covenants are the promises the parties make about what they will do in the future.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ______________ is a violation of a contract that defeats an essential purpose of the agreement.

Sole Discretion

Material Breach

Good Faith

Covenant

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A party with ______________________ has absolute right right to make any decision on that issue.

Covenant

Good Faith

Material Breach

Sole Discretion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________________ means an honest effort to meet both the spirit and letter of the contract.

Covenant

Good Faith

Sole Discretion

Material Breach

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The biggest difference between Choice of Law Provisions and Choice of Forum Provisions is which state’s laws will be used to interpret the contract and what state possibly litigation may take place.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A transfer of obligations in a contract is also known as an Assignment Of Rights and a transfer of benefits under a contract to another person is known a Delegation Of Duties

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

War, terrorist attack. Fire, or a flood is an example of a _____________.

Assignment Of Rights

Scrivener’s Error

Force Majeure Event

Rider

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