Quiz on Promises and Contracts

What is an agreement?

• A fancy way of saying 'promise.'

• A formal contract signed by lawyers.

• An understanding between two or more people.

• A rule you have to follow.

Answer explanation

An agreement is an understanding between two or more people, making this the correct choice.

What's the difference between a 'promise' and a 'contract'?

• Contracts are like a written promise, while promises are like a verbal contract.

• Contracts are like a legally binding promise, while promises are like a non-binding contract.

• Contracts involve legal obligations, while promises involve personal commitments.

• Promises are like a guaranteed contract, while contracts are like a conditional promise.

Answer explanation

The correct answer is that contracts are legally binding, while promises are not always.

What's another word for 'agreement' in Trinidadian slang?

• Lime (hanging out)

• Talk (conversation)

• Word (promise)

• Deal (agreement)

Answer explanation

In Trinidadian slang, 'word' is another word for 'agreement', meaning a promise or commitment.

What happens if you break a promise to your friend?

• Nothing, it's just a promise.

• You might lose their trust.

• You might have to do their chores for a week. (Humorous option)

• You owe them a big apology.

Answer explanation

Breaking a promise can lead to losing your friend's trust and may require a big apology to make amends.

Is it okay to break a promise for something small?

• Yes, absolutely!

• Maybe, depending on the situation.

• No, you should always keep your promises.

• Only if you say 'sorry' afterwards.

Answer explanation

You may break a promise depending on the situation, but generally, you should always strive to keep your promises.

What happens if someone breaks a contract?

• Nothing, it's just a piece of paper.

• They might face legal consequences.

• They become a bad person.

• They owe the other person an apology.

Answer explanation

Breaking a contract can lead to legal consequences, such as being sued for damages or breach of contract.

Why is it important to keep your promises?

• To avoid getting in trouble.

• To build trust with others.

• To feel good about yourself.

• All of the above.

Answer explanation

Keeping promises is important to build trust with others, which is the correct choice.

Can a promise involve exchanging something?

• No, promises are just words.

• Yes, like 'I'll do your chores if you buy me ice cream.'

• Only if it's a written promise.

• Only if it involves toys.

Answer explanation

The correct answer is 'Yes, like 'I'll do your chores if you buy me doubles.' A promise can involve exchanging something, such as a chore in exchange for a favor.

Which of these is NOT likely to be a contract?

• Buying a used car.

• Agreeing to share lunch with a friend.

• Hiring a plumber to fix your sink.

• Borrowing a textbook from a classmate.

Answer explanation

Borrowing a textbook from a classmate is not likely to be a contract because it does not involve a formal agreement or exchange of consideration.

When would you need to sign a contract in Trinidad and Tobago?

• Borrowing money from a family member.

• Renting an apartment.

• Buying a phone from a friend.

• All of the above.

Answer explanation

You might use a contract in Trinidad and Tobago when borrowing money from a family member, renting an apartment, or buying a phone from a friend. Therefore, the correct answer is 'All of the above.'