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Contract Law

Authored by Wendy Minnock

Business

12th Grade

Used 5+ times

Contract Law
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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