
Contracts
Quiz
•
Other, Business, Social Studies
•
9th Grade
•
Practice Problem
•
Medium
Kelsey Hildebrand
Used 2+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is an offer and acceptance legally binding?
No
Yes
What is legally binding?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there is both an offer and an acceptance, what does that end up forming?
An argument
What is that?
An agreement
3.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
Before parties are regarded as having entered into a _ _ _ _ _ _ binding _ _ _ _ _ _ _ _ there must be an _ _ _ _ _ _ _ _ _.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contracts do not always have to be in writing to be binding
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Elements of a contract include:
An agreement in in existence between both parties
The agreement is intended to be legally binding
The agreement is supported by consideration
All of the above
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Examples of offer and acceptance (an agreement) include:
You go to a store to buy milk and once you pay for that milk, the cashier hands back your change.
Mary offers to clean her neighbours yard. He laughs and walks off. She does it anyway and afterwards demands the money.
A person is auctioning a table and a bidder places the highest bid. The auctioneer sells the table to the bidder and the bidder pays.
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What alters the validity of being able to perform an offer and acceptance?
Whether the offer is clear
If there is clear communication between both parties
What colour hair they have
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