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Chapter 23-24 Review

Authored by Matthew Roberts

Other

9th - 12th Grade

Used 4+ times

Chapter 23-24 Review
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legally enforceable agreement between two or more people to exchange something of value

Transaction
Promise
Contract

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The violation of a law, duty, or other form of obligation, including obligations formed through contracts or warranties, either by engaging in an action or failing to act

Agreement

Breach

Compliance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A specific proposal by one person to another to make a deal or contract

agreement
offer
contract

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of agreeing to an offer and becoming bound to the terms of a contract

Acceptance
Counteroffer
Rejection

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something of value offered or received that must be present in every valid contract

Mutual Consent
Consideration
Agreement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To sign a legal document, guaranteeing to pay off the debt or contract if the original signer defaults

Indebt

Cosign

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To confirm a previous act of another even though it was not approved beforehand

Ratify

Validate

Confirm

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