Contract Law Basics: Making It Official Quiz

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Contract Law Basics: Making It Official: a General level Law quiz. Test your knowledge with 14 questions!
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Questions

Question 1
What do we call the value exchanged in a contract?
A Equity
B Consideration
C Interest
D Profit
Question 2
When a person says 'yes' to an offer, it is called:
A Negotiation
B Counter-offer
C Rescission
D Acceptance
Question 3
Which of these makes a contract legally void?
A Illegal purpose
B Short duration
C High price
D Digital format
Question 4
What is the result of breaking a contract?
A Extension
B Breach
C Ratification
D Amendment
Question 5
What is a minor modification to an offer called?
A Counter-offer
B Consideration
C Withdrawal
D Breach

📋 This quiz has 14 questions in total.

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