
business law
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Easy
Hannah Joseph
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39 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how is an offer made?
an offer can be made orally, in writing or by conduct to a definite person/group of person and must be communicated to the offeree
an offer can be made orally but not in writing
an offer can m=be made orally or in writing and must be communicated to the offeror
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how is an offer accepted?
an offer can be accepted by saying yes to the conditions by placing a counter- condition
an offer can be accepting saying yes
the act of consenting to the conditions of of an offer can be expressed verbally or in writing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how is an offer made?
an offer can be made orally, in writing or by conduct to a definite person/group of person and must be communicated to the offeree
an offer can be made orally but not in writing
an offer can m=be made orally or in writing and must be communicated to the offeror
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is the difference between an offer and an invitation to treat?
an offer is legally binding and an invitation to treat is a bargain without a legal agreement
an offer is legally binding while an ITT is not legally binding
an offer is a legally binding agreement while an ITT is an invitation to bargain with out forming a binding agreement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Difference between a Bilateral/Unilateral Contracts
a bilateral contract has two people while a unilateral has three people forming the contract
unilateral contracts rely on two parties to form the contract while bilateral contracts require one party to negotiate form and agree upon the contract
unilateral contract rely on one party to create a contract for a group of people, while bilateral contracts require at least 2 parties to negotiate, agree and act upon the promise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is past consideration
the pre-existing consideration between the offeree and offeror
the pre-existing consideration between the promisee and promisor
the pre-existing consideration between two parties which can be used to claim damages
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
consideration must be...
sufficient
sufficient and inadequate
sufficient but not adequate
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