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Offers & Acceptance

Business

12th Grade

Used 1+ times

Offers & Acceptance
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36 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The right to withdraw an offer before it is accepted is

revocation

a counteroffer

termination

consideration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally defined ______________ are agreements between two or more parties that create obligations.

offers

contracts

treaties

agendas

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person to whom an offer is made is the __________________.

offer
contracts
offeree
offeror

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What lack of communication can not be used to constitute an acceptance?

Silence
Email
Verbal
Telephone

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The terms of a contract must be accepted by the party to whom it was communicated.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement to commit a crime could be considered a legal contract.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An arrangement between two friends to attend a concert is not a contract.

True

False

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