ME Unit 4 Lesson 1 Contract Principles
Authored by Lynley Payne
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9th - 12th Grade
Used 7+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A low-level employee is not qualified to sign any business contracts. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Frank sent Francine a contract, and Francine counteroffered. Negotiations were made until they both agreed. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
XYZ Corporation offered a contract to another business that involves exchanging laundered money (money that was obtained illegally). Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Joe sent Jane a contract. Jane agreed to the terms and signed the contract. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jack offered Jill to trade his GI Joe action figure for her Hulk action figure. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Billy is only 6 years old. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sally paid Walmart $15, and Walmart sent her the dress she ordered. Which contract principle does this apply to?
Legal Capacity
Offer & Acceptance
Exchange of Value
Legal Purpose
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