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The Contract Quiz

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Questions and Answers

Which of the following is an example of a contract?

Buying popcorn at the theater

Talking to a friend

Buying a movie ticket (correct)

Watching a movie

Who can be parties in a contract?

Government agencies only

Non-profits only

Individuals only (correct)

Companies only

What is the process involved in a contract?

Negotiation and rejection

Approval and denial

Agreement and disagreement

Offer and acceptance (correct)

What is the function of contracts?

<p>Provide means for selling property (D)</p> Signup and view all the answers

What is the object of the law of contract?

<p>Determining circumstances for promises made by parties (A)</p> Signup and view all the answers