Business Law - Chapter 7

Business Law - Chapter 7

9th - 12th Grade

12 Qs

quiz-placeholder

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Business Law - Chapter 7

Business Law - Chapter 7

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Gina Stovall

Used 74+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Without

legal effect

valid

void

voidable

genuine assent

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Legally binding and enforceable

valid

void

voidable

fraud

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Important

facts that influence decisions about a contract.

material facts

genuine assent

unilateral mistake

fraudulent misrepresentation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Statements made that the seller is

unaware are untrue.

mutual mistake

fraudulent mistake

innocent misrepresentation

unilateral mistake

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The misrepresentation with the two additional elements of the misrepresentation must be intentional or reckless and the misrepresentation or concealment must injure.

mutual mistake

fraudulent misrepresentation

unilateral mistake

fraud

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If

the injured party desires, that party can cancel the contract.

genuine assent

void

valid

voidable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The seller knows the statement is

untrue.

undue influence

fraudulent misrepresentation

mutual mistake

duress

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