Contract Law Quiz

Contract Law Quiz

12th Grade

•

40 Qs

quiz-placeholder

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Contract Law Quiz

Contract Law Quiz

Assessment

Quiz

•

Business

•

12th Grade

•

Practice Problem

•

Hard

Created by

Elizabeth Weissman

Used 1+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the major requirements for a contract?

offer and accommodation

genuine assent

capacity

consideration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a test that a valid offer must pass?

Is contractual intent present in the offer?

Are the essential terms of the offer complete and definite?

Is the offer a solemn offer and not made in jest?

All of the above are tests that a valid offer must pass.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An unaccepted offer may be terminated by

a counteroffer

a reasonable length of time

the rejection of the offeree

all of these.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following circumstances might render an acceptance invalid?

The offer is accepted by someone other than the offeree

The acceptance does not match the offer

both a and b

none of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract in which performance alone is acceptance is termed a(n) ____.

unilateral contract

bilateral contract

multilateral contract

none of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capacity to contract means that the person

has a genuine need for the goods or services purchased

has ample room to store goods that are purchased

has the ability, according to law, to understand the contract and the consequences thereof

all of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Offers that require the offeree to accept by communicating the requested promise to the offeror are

unilateral contracts

bilateral contracts

matching offer contracts

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