
Contract Law Part 2
Quiz
•
Business
•
11th - 12th Grade
•
Medium
Marie Bauerly
Used 1+ times
FREE Resource
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a minor does not disaffirm a contract, it will be ratified:
if parents get involved
when they reach majority
if they are intoxicated
only if necessary
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most contracts made by minors would be considered:
void
voidable
unenforceable
illegal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have the right to sue a person who breaches a contract made with you.
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person may win a lawsuit for fraud even if no loss is suffered.
true
false
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consideration requires each party of the contract to:
make a promise
pay money
be nominal
to be of legal age
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"True and complete agreement"
capacity
genuine assent
consideration
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the characteristics of consideration is that it must involve something of value.
true
false
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