
LA180 - Ch. 6 T/F
Authored by Tori Lloyd
Business
University
10 Questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract is a single promise, made by one person to another, enforceable in court.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Canada, the postbox rule has now been extended to apply to all methods of communication.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Traditional contract rules only apply to written contracts but not Internet transactions.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The promise to make a charitable donation is not enforceable because it is a one-sided promise, even if the charity makes a commitment in return-such as a promise to name a building after the donor, or to use the money in a certain way-it has made a commitment.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person agrees to sell someone a brand new Cadillac for $100, this becomes a valid, binding contract.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The existence of a seal eliminates the need for the elements of a valid contract.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An employer's promise to pay a bonus in recognition of good work already performed by the employee would be binding.
True
False
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