Contract Law: Offers and Acceptance

Contract Law: Offers and Acceptance

10th Grade

46 Qs

quiz-placeholder

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Contract Law: Offers and Acceptance

Contract Law: Offers and Acceptance

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Laura Dion

Used 2+ times

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46 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The terms of a contract must be accepted by the party to whom it was communicated.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aria and Ethan agree to rob a bank. Can this agreement be considered a contract?

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Preliminary negotiations are considered to be offers.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarlett made an offer to sell her bicycle to Noah. Can Abigail, who is not the intended offeree, accept the offer?

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ethan sees an advertisement in the newspaper that clearly states, "The first person to bring a red apple to our store will receive a $100 gift card." This advertisement is clear worded, limited, and asks the offeree to perform an act as a way of accepting. Can this be considered an offer?

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Olivia made an offer to sell her bicycle to William. If William rejects Olivia's offer, the offer is terminated.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A counteroffer terminates the original offer.

True

False

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