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Contracts & Sales

Authored by Sydney McDaniel

Social Studies

9th - 12th Grade

Used 317+ times

Contracts & Sales
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This element refers to someones mental ability to enter into an contract.

consideration
legality
capacity
genuine agreement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not 1 of the elements of a contract?

capacity

consideration

valid

offer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract that amounts to nothing and has no legal effect is 

unenforceable
voidable
void
unilateral

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Typically, in order for a contract to be enforceable it has to be in writing for all transactions valued over how much?

$1000

$100

$500

$5000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who agrees to be responsible for another person’s contract is a(n):

secondary partner

companion

cosigner

mutual contractor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are elements of a contract EXCEPT:

accepatance

offer

breach

consideration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract between two parties for illegal activities is not valid.

True

False

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