Contract Law

Contract Law

11th - 12th Grade

18 Qs

quiz-placeholder

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Contract Law

Contract Law

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Hard

Created by

Tamara Weaver

Used 4K+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

Oral

Unenforceable

Valid

Written

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?

Statute of Frauds

Statute of Limitations

Statute of realtors

Uniform Commercial Code

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?

donee

donor

offeree

offeror

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?

Bilateral

implied

unilateral

void

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Agreeing to give false testimony violates which element?

capacity

consideration

legality

offer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Zach needs money for college and reluctantly decides to sell his watch grandfather's pocket watch to Lee. what term is used to identify the watch in this transaction for Zach?

Benefit

Counteroffer

Detriment

Forbearance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A threat against a person's business would violate which element?

capacity

consideration

genuine agreement

legality

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