Legal Aspects of Business MC

Legal Aspects of Business MC

10 Qs

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Legal Aspects of Business MC

Legal Aspects of Business MC

Assessment

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Hard

Created by

fayola Agaja

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following transactions is closest to being a contract?

An agreement in which the parties exchange things of value
An agreement in which there was an offer and the acceptance of the offer
An agreement made in writing
A promise between two or more parties

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following condition are necessary for a simple contract EXCEPT.

Offer
Acceptance
Written
Consideration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Han’s car stalled on the motorway. Han asked Luke for assistance. Luke may be able to seek compensation for helping Han by claiming.

A contract of record existed
A contract was implied
Quasi-contractual obligations
Injustice and file a lawsuit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A valid, legally enforceable contract must contain all of the following EXCEPT

Counteroffer
Capacity
Consideration
Good faith

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business advertises an item for sale at a particular price it represents

An offer by the business
Consideration by the business
The agreed selling price
An invitation to treat

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a party to a contract provides information that in untrue, in the belief that it is true, that party is guilty of all of the following EXCEPT

Fraudulent misrepresentation
Breach of contract
Making the contract voidable
Innocent misrepresentation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a situation where one or more of the conditions necessary for a contract is absent the contract is said to be

In breach
Void
Misrepresented
Fraudulent

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