Business Law (Chapter 3)

Business Law (Chapter 3)

9th - 12th Grade

•

50 Qs

quiz-placeholder

Similar activities

Introduction to financial market

Introduction to financial market

9th Grade

•

45 Qs

Jamb Economics

Jamb Economics

12th Grade

•

50 Qs

PKWU Wirausaha Produk Kerajinan untuk Pasar Lokal kelas XII

PKWU Wirausaha Produk Kerajinan untuk Pasar Lokal kelas XII

12th Grade

•

50 Qs

Unit 2 Area of Study 3 - Staffing a Business

Unit 2 Area of Study 3 - Staffing a Business

11th Grade

•

50 Qs

Topic 3 Accounting Cycles

Topic 3 Accounting Cycles

1st Grade - University

•

50 Qs

#5 CIW Data Analyst - Certification Prep

#5 CIW Data Analyst - Certification Prep

9th Grade - University

•

54 Qs

Tort Law

Tort Law

10th - 12th Grade

•

50 Qs

Final Exam Review Fall 2020

Final Exam Review Fall 2020

9th Grade

•

55 Qs

Business Law (Chapter 3)

Business Law (Chapter 3)

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Medium

Created by

Luke Grossnicklaus

Used 55+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of contract law?

To force people to keep all their promises

To determine which agreements are worth enforcing

To limit the types of agreements people can make

To ensure all contracts are written

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the seven key elements of a contract?

Offer

Consideration

Negotiation

Capacity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a valid contract, "consideration" refers to:

The fairness of the agreement

The willingness of the parties to sign the contract

The legal language used in the contract

The exchange of something of value between parties

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract where both parties make a promise is known as a:

Bilateral contract

Unilateral contract

Void contract

Implied contract

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an executory contract?

A customer pays cash for a sandwich at a deli

A landlord and tenant have completed their lease agreement

A company and an employee agree to a one-year employment contract, but the job has not yet started

A contract is declared void due to illegal terms

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an unenforceable agreement mean?

It is a contract that satisfies all legal requirements

It is a contract where neither party can enforce the agreement

The parties intend to form a valid bargain, but a legal rule prevents its enforcement

One party has the option to terminate the contract

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of contract is created when the words and conduct of the parties indicate an agreement, even if it is not explicitly stated?

Express contract

Implied contract

Void contract

Bilateral contract

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?