Contract Law Quiz

Quiz
•
Business
•
University
•
Easy
Jadon Paez
Used 2+ times
FREE Resource
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rescissible contract is initially valid but can be revoked if it causes economic injury to a party or a third party. (True/False)
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A voidable contract is automatically unenforceable from the beginning. (True/False)
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contracts entered into by minors are always considered void. (True/False)
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unenforceable contracts can never be ratified. (True/False)
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract is void if it violates laws, morals, public policy, or public order. (True/False)
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contracts that fail to meet the requirements of the Statute of Frauds are considered void. (True/False)
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract entered into through fraud can be annulled. (True/False)
True
False
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