Chapter 4 What is a Contract? Review

Chapter 4 What is a Contract? Review

9th - 12th Grade

10 Qs

quiz-placeholder

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Chapter 4 What is a Contract? Review

Chapter 4 What is a Contract? Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Courtney Alexander

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An oral contract is not enforceable by law.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a bilateral contract is made, one person makes a promise to do something if and when another person does something

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advertisements in newspapers, price tags, and signs in store windows are treated by the law as invitations to negotiate.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts for clothing and motor vehicles are examples of exceptions to the mirror image rule.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract that is void has no legal effect.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The taking back of an offer by the offeror is

revocation

cancellation

rejection

consideration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To be effective, an offer must be communicated to the

attorney

lender

offeree

offeror

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