
BMF_3.1_Vocabulary
Authored by ASHLEY SISSON
Business
9th Grade

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ is a legally binding agreement between two or more people or businesses.
Contract
Invoice
Receipt
Proposal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ is a proposal to provide a good or service.
Offer
Demand
Request
Order
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ means all parties involved must agree to the terms of the contract.
Acceptance
Consideration
Breach
Offer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ means something of value must be promised in return.
Consideration
Obligation
Intention
Agreement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ means a person is legally able to enter into a binding agreement.
Capacity
Liability
Consideration
Duress
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ regulates how contracts are written, executed, and enforced.
Contract Law
Criminal Law
Tort Law
Property Law
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ________ occurs when one or more parties do not follow the agreed terms of a contract without having a legitimate reason.
Breach of Contract
Offer Acceptance
Mutual Consent
Performance of Contract
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