Business Law: Chapter 5 Contracts
Authored by John Linn
Business
9th - 12th Grade
Used 14+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An agreement enforceable by law is ?
Verdict
Contract
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Capacity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Theory of Contract Law that specifically relies on the form of the agreement
Will Theory of Contract Law
Equity Theory of Contract Law
Formalist Theory of Contract Law
None of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are 6 elements of a contract
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To be legally complete, a contract must include at least 5 of the 6 elements of a contract
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A proposal by one party to another intended to create a legally binding agreement
Acceptance
Consideration
Legality
Offer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The legal ability to enter into a contract
Consideration
Capacity
Acceptance
Legality
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The thing of value promised to one party in a contract in exchange for something else of value
Legality
Capacity
Consideration
Acceptance
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