Business Management

Question 1

1An offer made to the whole world, such as a reward for a lost dog, can be accepted by

Hard

A. the police B. only the first caller C. anyone who performs the stated act D. nobody

Question 2

2A contract induced by misrepresentation is

Hard

A. fully valid B. voidable C. void D. illegal

Question 3

3Capacity to contract means the parties must be

Easy

A. employed B. legally able to enter a contract C. rich D. related

Question 4

4An offer can be terminated by

Easy

A. consideration B. acceptance C. performance D. revocation before acceptance

Question 5

5In contract law, consideration means

Easy

A. the court's decision B. a gift C. thinking about the offer D. something of value given by each party

Question 6

6An invitation to treat, such as goods displayed in a shop window, is

Medium

A. a binding offer B. an acceptance C. a contract D. not an offer

Question 7

7A shop displaying goods with price tags is making

Medium

A. a counter-offer B. a binding offer C. an acceptance D. an invitation to treat

Question 8

8A contract with a minor for non-necessaries is generally

Medium

A. voidable B. criminal C. fully valid D. illegal

Question 9

9A void contract is

Easy

A. a verbal contract B. voidable at will C. fully binding D. one that has no legal effect

Question 10

10A counter-offer has the effect of

Hard

A. extending it B. making it binding C. rejecting the original offer D. accepting it