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Business Law Practice Exam 2

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500 questions

  • 1. Open Ended
    30 seconds
    1 pt
    The elements of a contract are agreement, consideration, legality, and capacity.
  • 2. Open Ended
    30 seconds
    1 pt
    Robert offers to buy a car from Jane for $400. Jane must accept this offer in order to form an enforceable contract.
  • 3. Open Ended
    30 seconds
    1 pt
    If a contract is made with a person required by law to hold a license, and the purpose of the license is protection of the public, the contract made by an unlicensed person will generally be unenforceable.