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Quiz 1 Ang w Adm i Biu

Total questions: 25

Worksheet time: 14mins

Name
Class
Date
1.

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

a)

Oral

b)

Unenforceable

c)

Valid

d)

Written

2.

Where both the parties to an agreement are under mistake as to a matter of fact, which is essential to the agreement, the agreement is:

a)

Valid

b)

Bona fide

c)

Illegal

d)

Void

3.

How can an acceptance to an offer be made?

a)

Written words

b)

Spoken words

c)

Conduct

d)

All of these

4.

Complete the sentence.


…… a rental agreement to live in an apartment for one year is a kind of contract.

a)

Writing

b)

Signing

c)

Stamping

d)

Sketching

5.

Complete the sentence.


A customer …… into a contract each time s/he makes a purchase.

a)

enters

b)

goes

c)

joins

d)

becomes

6.

Complete the sentence.


A contract is initiated when a person makes an offer to buy something and the seller …… his or her offer.

a)

agrees

b)

accepts

c)

includes

d)

signs

7.

Complete the sentence.


A contract has been created when both the buyer and the seller have agreed that there will be some kind of …….

a)

service

b)

application

c)

consideration

d)

business

8.
Which of the following is not one of the requirements of a valid offer?
a)
made seriously
b)
definite and certain
c)
put in writing
d)
communicated to offeree
9.
A voidable contract 
a)
has no seal
b)
is not in writing
c)
has no legal effect at all
d)
can be voided by at least 1 of the parties
10.
People sometimes enter into these contracts without exchanging a word. Occurs when we get gas sometimes.
a)
expressed
b)
implied
c)
bilateral
d)
unilateral
11.

Failure to comply in all respects with the applicable goods regulations may be in _____of the applicable law, subject to legal penalties.

a)

construed

b)

amendment

c)

breach

12.
  1. Which term describes conditions or terms that cannot be altered or negotiated?

a)

adapted

b)

amended

c)
  1. Implied

d)
  1. non-negotiable

13.
  1. What is the phrase for complying with or adhering to the terms of a contract?

a)

disregarding

b)

violating

c)

ignoring

d)

abiding by

14.
  1. What is the term for the compensation or financial remedy sought in the event of a contract breach?

a)
damages
b)
indemnity
c)
penalty
d)
restitution
15.
  1. What is another term for the sections or divisions of a legal agreement?

a)

chapters

b)

phrases

c)

sentences

d)

parts

16.
  1. Which term is used to denote the specific provisions or segments of a contract?

a)

clauses

b)

sections

c)

divisions

d)

paragraphs

17.
  1. What is the name for a formal change or addition made to a legal document?

a)
modification
b)
amendment
c)
alteration
d)
revision
18.
  1. Which term refers to the act of ending a contract or agreement prematurely?

a)
abrogation
b)
cancellation
c)
termination
d)
discontinuation
19.

Which term means to take a legal action against someone?

a)

to sue

b)

to prosecute

c)

to charge

d)

to indict

20.

What does it mean "under seal" ?

a)
Marked by a police officer
b)
Signed by a witness
c)
Officially stamped or marked by a court or authorized person
d)
Stamped by a notary public
21.

  1. What is the term for the individuals or entities involved in a legal agreement?



(a)  

22.

  1. What is the term for the specified duration required before a contract can be terminated?



(a)  

23.

  1. What is the phrase for a document that has been authenticated and bound by a legal seal?



(a)  

24.

  1. Which term refers to the duties or responsibilities imposed by a contract?



(a)  

25.
  1. What is the legal term for something of value exchanged between parties to a contract?

a)

consideration

b)

benefit

c)

transaction

d)

compensation