BESY: CONTRACT LAW

BESY: CONTRACT LAW

1st - 5th Grade

10 Qs

quiz-placeholder

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BESY: CONTRACT LAW

BESY: CONTRACT LAW

Assessment

Quiz

Other

1st - 5th Grade

Practice Problem

Medium

Created by

Deborah Crookes

Used 15+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a contract?

A legally binding offer

Acceptance of an offer

A legally binding agreement enforceable in a court of law

An invitation to treat which has been accepted

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which elements are necessary to form a valid contract?

offer

acceptance

capacity

legality

offer

acceptance

consideration

capacity

legality

offer

acceptance

consideration

invitation to treat

offer

acceptance

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an offer?

a promise to be bound by the offeree

a definite promise to be bound on specific terms made by the offeror to the offeree

a promise to be bound without terms by the offeror

a definite promise to be bound on specific terms made by the offeree to the offeror

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is not an invitation to treat?

Shop window display

Goods on shop shelves

Most adverts

Goods on warehouse shelves

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form can acceptance take?

only in writing

orally or in writing

in writing or by conduct (actions)

oral, in writing or by conduct

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is consideration?

usually a monetary value for providing goods or services

An accepted offer

An invitation to treat which has generated an offer

An offer waiting to be accepted

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must consideration be?

Realistic

of adequate value in relation to the goods/services

sufficient

only money

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