What is a contract?

BESY: CONTRACT LAW

Quiz
•
Other
•
1st - 5th Grade
•
Medium
Deborah Crookes
Used 15+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legally binding offer
Acceptance of an offer
A legally binding agreement enforceable in a court of law
An invitation to treat which has been accepted
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which elements are necessary to form a valid contract?
offer
acceptance
capacity
legality
offer
acceptance
consideration
capacity
legality
offer
acceptance
consideration
invitation to treat
offer
acceptance
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an offer?
a promise to be bound by the offeree
a definite promise to be bound on specific terms made by the offeror to the offeree
a promise to be bound without terms by the offeror
a definite promise to be bound on specific terms made by the offeree to the offeror
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is not an invitation to treat?
Shop window display
Goods on shop shelves
Most adverts
Goods on warehouse shelves
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form can acceptance take?
only in writing
orally or in writing
in writing or by conduct (actions)
oral, in writing or by conduct
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is consideration?
usually a monetary value for providing goods or services
An accepted offer
An invitation to treat which has generated an offer
An offer waiting to be accepted
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must consideration be?
Realistic
of adequate value in relation to the goods/services
sufficient
only money
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