Contract Law Quiz

Contract Law Quiz

6th Grade

15 Qs

quiz-placeholder

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Contract Law Quiz

Contract Law Quiz

Assessment

Quiz

Business

6th Grade

Practice Problem

Medium

Created by

Claire Kernan

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What ensures that parties in a contract have the ability to understand its terms?

Capacity

Incapacity

Inability

Weakness

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr White promises to paint Mr Brown's house and Mr Brown promises to pay him £1000 for the work. What type of contract is this?

Unilateral contract

Bilateral contract

No contract

Agreement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a unilateral contract called "unilateral"?

Because both parties make promises

Because it involves multiple parties

Because the contract arises without the offeree making any promise

Because it requires a written agreement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if the offeree does not perform the act in a unilateral contract?

The contract is void

The offeror must renegotiate

The contract does not come into existence

The offeree is penalized

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main obligation in a unilateral contract?

Both parties must agree

One party must perform an act

Both parties must sign a document

One party must provide a service

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are considered invitations rather than offers? Select all that apply.

Agreements

Auctions

Advertisements

Price quotations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A reply to an offer which introduces new terms will not be considered an acceptance, as it is considered a counter offer.

True

False

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