Business Law- Ch 7 Quizizz

Business Law- Ch 7 Quizizz

9th - 12th Grade

30 Qs

quiz-placeholder

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Business Law- Ch 7 Quizizz

Business Law- Ch 7 Quizizz

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Lenzi O'Connor

Used 3+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are four ways that termination of an offer can take place.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Saying that you do not want to buy something is terminating an offer by __________.

Rejection

Expiration of Time

Revocation

Counteroffer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I changed my mind on entering into a contract, this is terminating an offer by __________.

revocation

rejection

counteroffer

insanity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Death always ends a contract.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any changes in the term of an offer is __________.

accepting the offer

revocation of an offer

termination of a contract

a counteroffer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the offeror puts a time limit for the acceptance in the offer, it must ____________

be accepted within two weeks of that date

accepted by that date

be accepted within 24 hours of that date

be accepted in a reasonable time after that date

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n)_________ is a binding promise to hold an offer open for a specified period of time.

Extension

Option

Agreement

Contract

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