Business Law - Contract Basics
Authored by Nancy Pintz
Other
10th - 12th Grade
Used 1K+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The offeree is the one accepting the offer.
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Contracts are legal links between the individuals and companies producing and consuming goods and services.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All serious agreements are contracts.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The test of the reasonable person is an objective legal test used by juror or judges.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Social agreements create legal obligations.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advertisements are considered invitations rather than offers.
True
False
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