Business Law - Chapters 10&11

Business Law - Chapters 10&11

9th - 12th Grade

25 Qs

quiz-placeholder

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Business Law - Chapters 10&11

Business Law - Chapters 10&11

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Todd Melquist

Used 6+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts in which one person pays another o to commit a felony are unenforceable.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Charging interest on a loan of money at a rate higher than allowed by law is called

Compounding a crime

Loan kiting

Usury

Voidable interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oral agreements to sell a house are legally binding

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Typically, illegal contracts are held by the courts to be _______

Voidable

valid

Void

upheld

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A lottery has three elements (3 correct responses)

prize

Chance

Consideration

Restitution

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Restitution is

the enforcement of an agreement

restoring of a party to their original position

Paying Punitive damages

fulfilling contract duties

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the two contracts within the statute of frauds

Sale of goods over $400

Contracts to buy or sell real property

Contracts to purchase an automobile

Contracts that require more than 1 year to complete

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