Contract Basics: Business Law Online Quiz
Description: contracts #offer #acceptance #consideration #obligation #enforcement #express contract #implied contract #bilateral contract #unilateral contract #breach #contract law #business law | |
Number of Questions: 20 | |
Created by: Anumati Koshy | |
Tags: business law |
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While always a last resort, when a contract is breached, aggrieved parties may
Implied contract
An express warranty
A breach of a contract is one that has been:
The best advise BEFORE signing a contract is to:
Void or voidable contracts are (select best best answer)
Adhesion contracts
An insurance policy is a contract and is an example of a:
An example of a unilateral contract
An example of a bilateral contract
A unilateral contract
A bilateral contract
Executed & executory contract (which statement best describes EACH)
Implied contracts
Obligation is:
Counteroffer
Acceptance is:
Mutual Agreement
Competent parties
What is a contract?