Lesson 10

Lesson 10

12th Grade

8 Qs

quiz-placeholder

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Lesson 10

Lesson 10

Assessment

Quiz

Other

12th Grade

Practice Problem

Hard

Created by

Lexy Eddo

Used 1+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________ is compensation in case of breach contract

Damages

Rescission

Restitution

Wavier of breach

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A counter offer is a rejection of the original offer

False

True

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts for insurance is not an example of specialty contract

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a document sent by the purchaser or buyer to the seller requesting goods that may be available

Purchase Requisition

Cover Letter

Request for Quotation

Order

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business documents provide information needed for the business to function efficiently

True

False

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

FOB means

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This document provides details about the goods to be shipped, e.g. type and number of items and the destination of the goods.

Shipping Note

Airway Bill

Bill of Lading

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a cheque that is used to make payments overseas. Bank drafts are obtained for a fee from a bank and are made out to a named payee in foreign currency.

Bank Draft

Sight Draft

Bill of exchange