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PBMF Ch 3 Review

Authored by JENNIFER RUSSELL

Business

8th Grade

Used 49+ times

PBMF Ch 3 Review
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24 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is another name for a legally binding agreement between 2 or more parties?

lease

offer

contract

acceptance

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is a proposal to provide a good or a service.

lease

offer

contract

acceptance

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When all parties agree to the terms of a contract this is called _.

lease

offer

contract

acceptance

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is a contract to rent something.

lease

offer

contract

acceptance

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is something of value that is promised in return for a good or a service?

lease

consideration

contract

capability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a persons is legally able to enter into a binding agreement, this is called _.

lease

consideration

contract

capability

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This includes basic expectations of fair treatment of consumers.

lease

consideration

Consumer Bill of Rights

capability

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