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Business Law Chapter 5

Authored by Shaniesha Evans

Business

9th - 12th Grade

Used 7+ times

Business Law Chapter 5
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15 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A contract that is legally binding and fully enforceable is known as

a valid contract

as offer

an express contract

a unilateral contract

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A contract in which both parties make promises is known as

valid contract

unilateral contract

bilateral contract

void contract

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A proposal made by one party that he or she is willing to enter a contract is known as

a contract

an offer

an acceptance

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A contract in which one party makes a promise in exchange for an act is known as

offer

good deal

unilateral contract

compromise

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A contract stated in oral or written words is known as

an offer

an expressed contract

valid contract

bi lateral contract

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

How many requirements are there to an offer?

3

4

1

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A contract has six important elements so that it will be valid which is offer, acceptance, intention to create legal relation, certainty, capacity and .

consideration

agreement

understanding

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