Chapter 5 Business Law

Chapter 5 Business Law

10th - 12th Grade

17 Qs

quiz-placeholder

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Chapter 5 Business Law

Chapter 5 Business Law

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Zack Cooley

Used 3+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Convicts may lack contractual capacity.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts made by minors are voidable by the minor.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of deciding to not live up to a contract.

Minor

Assumption

Disaffirm

Capacity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minors can be held to contracts that involve

Homeowners insurance

Renters insurance

Life insurance

Car insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an agreement violates a usury statute, what type of violation occurred?

One party committing a tort

More than the maximum legal interest rate was charged

Gambling debts were enforced

Allowing someone without a required license to work

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Chapter 5 covers these three features of a valid contract. Select all.

Capacity

Consideration

Legality

Offer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which below explains an unreasonable agreement not to compete, which is contrary to public policy?

The law protects the right to make a living

Restraints on former owners competing with former businesses

Protecting someone from arrest or bribing a juror

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