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Contract Law Part 2

Authored by Marie Bauerly

Business

11th - 12th Grade

Used 1+ times

Contract Law Part 2
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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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