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Contract and Documents

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

A written or spoken agreement, especially one that guarantees a job

a)

rental agreement

b)

guidelines

c)

manual

d)

contract

2.

A contract between the owner and the renter

a)

employee notice

b)

safety regulations

c)

job contract

d)

rental agreement

3.
The offeree is the one accepting the offer.
a)
True
b)
False
4.
All serious agreements are contracts.
a)
True
b)
False
5.
When the offeror communicates an offer to contract, the offeree is not required to accept it, but he or she may choose to do so.
a)
True
b)
False
6.
Social agreements create legal obligations.
a)
True
b)
False
7.
Advertisements are considered invitations rather than offers.
a)
True
b)
False
8.
Every offer, when properly made, is always ended either by acceptance or rejection by the offeree.
a)
True
b)
False
9.
Even though the offeree has given nothing of value in exchange, a merchant who makes a firm offer may not revoke it.
a)
True
b)
False
10.
An offer made to one person can be accepted by another.
a)
True
b)
False
11.
The absence of genuine agreement will make contract papers voidable.
a)
True
b)
False
12.
Committing an act of violence to obtain a signature on a written contract is duress.
a)
True
b)
False
13.
When one party to the contract is in a position of trust and wrongfully dominates the other party, undue influence occurs.
a)
True
b)
False
14.
Signing a contract written in a language you don't understand will not bind you.
a)
True
b)
False
15.
All persons are presumed to know the law.
a)
True
b)
False
16.

A statement of account is a

a)

list of all the goods sold to a customer

b)

summary of all transactions over a period

c)

refund of an overcharge made

d)

letter advising customers that have not paid their accounts

17.

If a customer receives a credit note from a supplier, this means

a)

their account is no longer in credit

b)

they need to make a further payment

c)

they have been overcharged by the seller

d)

they have been undercharged by the seller

18.

After the supplier agrees to supply the order, the goods

are delivered with an _______________ showing the cost of the order.

a)

invoice

b)

pro-forma invoice

c)

debit note

d)

credit note

19.

The simple system, used to record to movement of stock. This system can be either manual or digital.

a)

statement of account

b)

stock card

c)

invoice

d)

debit card

20.

The ____________________ is sent by the supplier in response to the request made by the purchasing department for supplies. It includes the cost & quantity of goods requested.

a)

credit note

b)

statement of account

c)

invoice

d)

pro-forma invoice