Margo signed a lease to rent a small building for her business. In exchange for the use of the facility, Margo will pay monthly rent. What component of a legally binding contract does the rent represent?
PFLit

Quiz
•
Other
•
9th Grade
•
Hard
Laura Berry
FREE Resource
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competent parties
Consideration
Legality
Agreement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An offer must be made by one party and accepted by the other party in order for a contract to be
put in written form.
notarized.
legally binding.
interpreted correctly.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of involuntary debt:
Unsecured line of credit
Automobile loan
Fixed-rate mortgage
Court judgment lien
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A "spoof," or a fake email that appears real, is part of what investment scam?
Pump and dump
A pyramid scheme
Affinity fraud
Phishing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a regulation that protects investors:
Brokerage firms are required to abide by equal opportunity employment laws.
Individuals are not allowed to purchase and sell more than five stocks per week.
Companies must honestly and publicly disclose their business information.
Newspapers and magazines are not allowed to report on stock market trends.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When providing services to clients, financial professionals have the responsibility to supply
accurate information.
payment options.
credit counseling.
bank statements.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if a financial client reports a problem with her/his portfolio?
Call the client back later after s/he has calmed down.
Apologize and resolve the problem immediately.
Ask the manager to return the client's call.
Waive the client's fees for his/her next five transactions.
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