Contracts and Global Business

Contracts and Global Business

10th Grade

65 Qs

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Contracts and Global Business

Contracts and Global Business

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Julie Jackson

Used 7+ times

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65 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Fill in the blank: A contract is a legally binding agreement between ________ or more parties.

two

one

three

four

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the key idea of a contract?

A) Contracts create rights and duties.

B) Contracts are only for businesses.

C) Contracts are always written documents.

D) Contracts are not legally binding.

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is an example of a contract?

Renting an apartment

Buying a car

Signing up for a cell phone plan

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Fill in the blank: The first element of a valid contract is ________.

Offer

Acceptance

Consideration

Signature

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Fill in the blank: The second element of a valid contract is ________.

Acceptance

Consideration

Legality

Offer

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Fill in the blank: The third element of a valid contract is ________.

Consideration

Intention

Performance

Offer

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Fill in the blank: The fourth element of a valid contract is ________.

Capacity

Consideration

Offer

Legality

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