3 for the win

3 for the win

KG

50 Qs

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3 for the win

3 for the win

Assessment

Quiz

Hospitality and Catering

KG

Practice Problem

Easy

Created by

Matai King

Used 1+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maeve posts her motorcycle for sale on an online auction site. This is

an offer.

an invitation to negotiate, not an offer.

a request, not an offer.

a price list, not an offer.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank’s sale of its right to receive payment on a loan to a third party is a transfer but not an assignment.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An exchange of e-mails cannot create a complete and unambiguous binding agreement.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Primo tries to start his car with no success. He yells that he will sell the car to anyone for $10. Quanto, a passerby, hears Primo’s yell. This is not an effective offer because it lacks

definite terms.

practicality.

serious intent.

communication.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any contract involving consumer goods must be in writing to be enforceable.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Hometown Bank posts on its website an offer of a reward for information leading to the apprehension of a certain criminal. This offer could normally be terminated by

any of the choices.

payment of the reward.

a post on the website.

apprehension of the criminal.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marketing Inc. offers to create a campaign to increase N’Ice Cream Inc.’s online business. N’Ice agrees to pay for the service. These parties have

a formal contract.

no contract.

an implied contract.

an express contract.

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