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

Quiz
•
Other
•
12th Grade
•
Hard
Oluwatoyin Adeleke
Used 45+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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