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Chapter 7 Quiz

Authored by Matthew Roberts

Other

9th - 12th Grade

Used 6+ times

Chapter 7 Quiz
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

agreement to enter into a contract that is evidenced by words or conduct between the parties

Genuine Assent

Recission

Duress

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract in which the injured party can withdraw from is called this

enforceable

unilateral

voidable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

backing out of a transaction by asking for the return of what you gave and offering to give back what you received

termination
rescission
abandonment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

acting toward the contract as though one intends to be bound by it

Modification

Termination

Ratification

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

occurs when one party uses an improper threat or act to obtain an expression of agreement

Coercion
Consent
Duress

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Occurs when one party to a contract is in a position of trust and wrongfully dominates another party

Undue Influence
Breach of Contract
Coercion

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts created or modified by duress are rescindable

True

False

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