Business

12th -

University

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Law of Contract

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30 questions

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  • 1. Multiple Choice
    1 minute
    1 pt
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    What is required to form a legally binding contract?

    Offer, Acceptance, Consideration, Intention, Certainty.

    Duty, Breach, Causation, Damages

    Offer, Acceptance, Collateral, Sufficiency.

    Invitation to treat, Offer, Counter Offer, Acceptance.

  • 2. Multiple Choice
    1 minute
    1 pt
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    What is the definition of an offer?

    An expression of willingness to negotiate.

    A declaration that one party will contract with another.

    Expression of willingness to contract with the party to whom it is addressed, as soon as the latter accepts its terms.

    An invitation for other parties to consider whether they are able to purchase the goods/services.

  • 3. Multiple Choice
    1 minute
    1 pt

    The purpose of contract needs to be for a lawful purpose.

    TRUE

    FALSE

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