Contract Law

Quiz
•
Business
•
11th - 12th Grade
•
Hard
Tamara Weaver
Used 4K+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?
Oral
Unenforceable
Valid
Written
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?
Statute of Frauds
Statute of Limitations
Statute of realtors
Uniform Commercial Code
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?
donee
donor
offeree
offeror
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?
Bilateral
implied
unilateral
void
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Agreeing to give false testimony violates which element?
capacity
consideration
legality
offer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Zach needs money for college and reluctantly decides to sell his watch grandfather's pocket watch to Lee. what term is used to identify the watch in this transaction for Zach?
Benefit
Counteroffer
Detriment
Forbearance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A threat against a person's business would violate which element?
capacity
consideration
genuine agreement
legality
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