Contract Law

Contract Law

Assessment

Assessment

Created by

Tamara Weaver

Business

11th - 12th Grade

4K plays

Hard

Student preview

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18 questions

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1.

Multiple Choice

30 sec

1 pt

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

Oral

Unenforceable

Valid

Written

2.

Multiple Choice

30 sec

1 pt

John and Jenni sign a real estate contract to purchase a historic home. In the body of a contract, a change is handwritten. What law requires the contract to be in writing?

Statute of Frauds

Statute of Limitations

Statute of realtors

Uniform Commercial Code

3.

Multiple Choice

30 sec

1 pt

Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?

donee

donor

offeree

offeror

4.

Multiple Choice

30 sec

1 pt

Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?

Bilateral

implied

unilateral

void

5.

Multiple Choice

30 sec

1 pt

Agreeing to give false testimony violates which element?

capacity

consideration

legality

offer

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