LEB - Chapter 4 - Contracts
Quiz
•
Business
•
10th - 12th Grade
•
Practice Problem
•
Medium
Elnora Hill
Used 11+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An oral contract is not enforceable by law.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A valid contract must contain at least four to six elements
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consideration is the legal ability to enter a contract
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a bilateral contract is made, one person makes a promise to do something if an when another person does something.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contracts for clothing and motor vehicles are examples of exceptions to the mirror image rule.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to common law, when you send an acceptance over long distances, it is effective three days after it is sent.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract that is void has no legal effect.
True
False
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