Contracts Review

Contracts Review

9th - 12th Grade

21 Qs

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Contracts Review

Contracts Review

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Jackie Jackson

Used 43+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the refusal of an offer by an offeree?

Revocation

Counteroffer

Insanity

Rejection

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bob enters into an agreement to purchase Sue's car. On the way to the DMV to transfer the title, Sue has an accident in which her car is totaled. The offer is terminated based on which of the following:

Revocation

Destruction of subject matter

Counteroffer

Expiration of time

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written offer for goods that states the period of time during which the offer will stay open is

A firm offer

An option

Rejection

Earnest money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Julie is Tim's boss. Julie pressures Tim to sell her his car. In this example, genuine agreement is lacking because of:

Innocent misrepresentation

Duress

Undue influence

Unilateral mistake

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Silence can be a valid method of acceptance

True

False

Sometimes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a party to a contract deliberately makes an untrue statement of fact, this is referred to as:

Unilateral mistake

Fraudulent misrepresentation

Innocent misrepresentation

Mirror Image Rule

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age can a party legally enter into a contract in NC?

21

12

16

18

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