Contract Law Quiz (IJN)

Contract Law Quiz (IJN)

University

17 Qs

quiz-placeholder

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Contract Law Quiz (IJN)

Contract Law Quiz (IJN)

Assessment

Quiz

English

University

Medium

Created by

NUR NAZAM

Used 2+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a contract?

A verbal agreement without legal consequences

An informal understanding

A casual promise between friends

An agreement enforceable by law

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the basic elements of a contract?

Offer, acceptance, intentions to create legal relations, consideration, certainty, capacity

Offer, acceptance, money exchange, verbal agreement, written contract, signatures

Intentions to create legal relations, consideration, capacity, performance, payment, certainty

Offer, acceptance, intentions to create legal relations, consideration, capacity, performance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between an offer and an invitation to treat?

An invitation to treat is legally binding while an offer is not

An invitation to treat is made by the offeree while an offer is made by the offeror

An offer is a definite promise while an invitation to treat invites offers

An offer is made to the public while an invitation to treat is private

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is an offer considered valid?

When it is made privately without witnesses

When it is vague and uncertain

When it is clear, definite, and communicated to the offeree

When it is implied but not expressed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the concept of consideration in a contract?

The legal advice given before entering a contract

The initial deposit made before signing a contract

The negotiation process leading to a contract

The value exchanged between parties in a contract

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does certainty mean in contract law?

The terms of the agreement must be clear and unambiguous

The contract must be certain to be legally binding

The contract must be certain to lead to a successful outcome

The parties must be certain about their decision to enter a contract

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of understanding the elements of a contract?

To confuse the parties involved

To protect one's interests and ensure fair outcomes

To complicate business transactions

To avoid legal consequences

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