Which of the following is an example of a contract that businesses might enter into?

Contract Law

Quiz
•
Business
•
12th Grade
•
Hard
Wendy Minnock
Used 5+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employment agreement
Birthday invitation
Grocery list
Personal diary entry
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a contract in contract law?
A legally enforceable agreement
A written document signed by two parties
A verbal agreement only
An agreement that does not require legal enforcement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following contracts is legally binding and meets all legal requirements?
Void contract
Voidable contract
Valid contract
Unenforceable contract
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of contract cannot be enforced by law?
Valid contract
Void contract
Voidable contract
Written contract
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'Capacity' refer to in the context of a valid contract as shown in the image?
Financial status of the parties
The legal ability to enter a contract
The number of parties involved
The length of the contract
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an offer in the context of a business agreement?
A casual conversation about potential terms
A definite and unequivocal statement of willingness to be bound on specified terms
A preliminary discussion seeking interest
A formal written contract signed by both parties
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered an offer?
A display of goods in a shop
A written proposal sent to another company
An advertisement in a newspaper
A verbal agreement during a meeting
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