Review Questions


SECTION 4: LEGAL ASPECTS OF BUSINESSES



Question 1

If one party fails to carry out his side of the agreement, this is a case of:

1. agreement
2. frustration
3. discharge
4. breach

The Number For Your Answer is:   

Question 2


Contracts that are under seal are called

1. unenforceable contracts
2. valid contracts
3. specialty contract
4. simple contracts

The Number For Your Answer is:   


Question 3


Orlene offers to sell a book for $600 but Allene said she could only afford to pay $590. This is an example of

1. a counter offer
2. an offer
3. an agreement
4. a contract

The Number For Your Answer is:   


Question 4


An important feature of a simple contract is

1. condition
2. consideration
3. specific performance
4. guarantee

The Number For Your Answer is:   


Your score is: %     
 
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