Law of Contract
Authored by NURUL YUSOF
Business
1st Grade
Used 13+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A/An ______ is a firm proposition put forward by one person to another with an intention to create a binding contract.
offer
acceptance
consideration
consent
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fair exchange of something value is called as _____.
consideration
acceptance
consent
capacity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals who age 17 years old can bind into insurance contract, but needs to get written consent from his parents.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The missing of insurable interest elements in insurance contract can leads to _____ contract.
void
voidable
unenforceable contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the followings is NOT the essential elements of contract
contribution
consent
capacity
legality
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract that is not written will become ____.
void contract
voidable contract
unenforceable contract
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