
Business Law: Chapter 6
Authored by John Linn
Business
9th - 12th Grade
Used 10+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A valid contact exists between parties when it has which of the following elements
Valid Acceptance
Consideration
Capacity
All of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Several circumstances create a defective agreement, which one is not one of them?
Fraud
Misrepresentation
Consideration
Duress
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A deliberate deception intended to secure an unfair or unlawful gain is called ?
Rescission
Fraud
Concealment
Misrepresentation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A statement such as "You'll get plenty of dates with this car" is an example of what?
Sales Talk
Sales puffery
Sales puffing
All of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fraud requires a false representation of a material, existing fact.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
False representation by choosing not to reveal important information is knows as?
Concealment
Rescission
Misinformation
Duress
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The party making the false representation doesn't always have to be aware that the statement is false for it to be fraud
True
False
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