Commerce- Business law

Commerce- Business law

12th Grade

10 Qs

quiz-placeholder

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Commerce- Business law

Commerce- Business law

Assessment

Quiz

Other

12th Grade

Hard

Created by

Oluwatoyin Adeleke

Used 45+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

breach of contract

frustration

operation of the law

voluntary agreement

performance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract which is devoid of legal effect is

void contract

unenforceable contract

voidable contract

valid contract

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

.

What is a contract?

an agreement between two or more people which has a legal backing

an agreement between two or more people

an agreement between two or more people which does not have a legal backing

a disagreement between two or more people which has a legal backing

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

SELECT the essential elements of a valid contract.(Choose all that applies)

voidable contract

intention to create legal relations

possibility of performance

certainty of term

dissolution of contract

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a law of contract, a counter offer operate as

an acceptance

a consensus

a rejection

a contract

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Business law include which type of laws. (Select ALL that applies)

administrative regulations

federal

state

local

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

......... is a promise written on a paper that is signed, sealed and delivered.

formal contract

informal contract

law contract

court contract

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