BL (10)

BL (10)

12th Grade

26 Qs

quiz-placeholder

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BL (10)

BL (10)

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Luke Grossnicklaus

Used 6+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts for goods valued at $500 or more must be in writing.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oral contracts are not enforceable.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People under the age of 18 can generally make contracts and can usually get out of their contracts if they choose to.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you sign a contract without reading all the terms, you will not be bound by the terms that you did not read.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of contract case was most prevalent for people trying to recover payments for goods or services?

fraud

seller plaintiff

employment

rental / lease agreements

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of contract case was least prevalent for people trying to recover payments for goods or services?

employment

buyer plaintiff

rental / lease agreements

fraud

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What percentage of contract cases involved mortgage foreclosure?

10%

19%

5%

23%

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