Commerce- Business law
Authored by Oluwatoyin Adeleke
Other
12th Grade
Used 46+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract in which all parties to the contract have carried out their obligation is said to be terminated by
breach of contract
frustration
operation of the law
voluntary agreement
performance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract which is devoid of legal effect is
void contract
unenforceable contract
voidable contract
valid contract
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
.
What is a contract?
an agreement between two or more people which has a legal backing
an agreement between two or more people
an agreement between two or more people which does not have a legal backing
a disagreement between two or more people which has a legal backing
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
SELECT the essential elements of a valid contract.(Choose all that applies)
voidable contract
intention to create legal relations
possibility of performance
certainty of term
dissolution of contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a law of contract, a counter offer operate as
an acceptance
a consensus
a rejection
a contract
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Business law include which type of laws. (Select ALL that applies)
administrative regulations
federal
state
local
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
......... is a promise written on a paper that is signed, sealed and delivered.
formal contract
informal contract
law contract
court contract
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