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Contract law

Authored by Kelly Olson

Business

11th Grade

Used 9+ times

Contract law
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44 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Michelle makes the following statement to Chloe, "I will sell you my Iphone for $50". This is an example of a(n)

acceptance

genuine agreement

offer

unilateral contract

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A proposal by one party to another intended to create a legally binding agreement is a(n)

Acceptance

Contract

Genuine Agreement

Offer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You shouldn't enter into a contract without understanding the legal responsibilities.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any agreement is enforceable by law is a(n)

acceptance

contract

legality

offer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an agreement is true and genuine and a valid offer is met by a valid acceptance, it is called a(n)

offer

consideration

genuine agreement

express contract

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which if these is not apart of the six elements of a contract?

legality

will theory

genuine agreement

capacity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Offering a reward to anyone who can return your lost pet is an example of a...

Bilateral contract

Unilateral Contract

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