Intro to Business Ch. 3 Review
Authored by Kimberly Miller
Business
10th - 12th Grade
Used 11+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legally binding agreement between two or more people or businesses
Offer
Contract
Capacity
Lease
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A proposal to provide a good or service
Offer
Acceptance
Consideration
Intention
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All parties involved must agree to the terms of the contract
Offer
Acceptance
Consideration
Intention
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something of value must be promised in return
Offer
Acceptance
Consideration
Intention
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person is legally able to enter into a binding agreement
Acceptance
Breach of Contract
Lease
Capacity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Regulates how contracts are written, executed and enforced
Capacity
Lease
Offer
Contract law
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When one or more parties do not follow the agreed terms of a contract
Breach of contract
Collusion
Contract
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