Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)

1
Broad classifications of illegal agreements include agreements:
A)contrary to the biblical law and other religions.
B)that have been declared illegal by a public ballot.
C)made against the security and welfare of the public.
D)that are made orally between two people.
2
In the case of a divisible agreement that has one part with a legal purpose, the part with a legal purpose is generally:
A)enforceable.
B)void.
C)unenforceable.
D)disaffirmed.
3
Some state statutes and local ordinances that regulate the creation and performance of certain types of contracts on Sundays and legal holidays are referred to as:
A)white laws.
B)black laws.
C)blue laws.
D)red laws.
4
Contracts made on a legal holiday can generally be performed on the:
A)same day of the legal holiday.
B)next business day following the holiday.
C)on the day prior to the holiday.
D)within one week from the date of legal holiday.
5
Contracts involving the payment of a note, the delivery of merchandise, and the repair of equipment are examples of:
A)gambling and wagering agreements.
B)usurious agreements.
C)unlicensed transactions.
D)agreements made on Sundays or legal holidays.
6
A gambling agreement is one in which performance by one party depends on the occurrence of a(n):
A)uncertain event.
B)unrequited event.
C)terminated agreement.
D)confirm event.
7
An agreement in which performance by one party depends upon the occurrence of an uncertain event in the hope of gaining something of value is termed:
A)a speculative agreement.
B)a gambling agreement.
C)an uncertain agreement.
D)an agreement of chance.
8
In certain states, typical office basketball and football pools are examples of:
A)legal restraints of trade.
B)usurious agreements.
C)common office sports.
D)illegal gambling.
9
To protect the public, most states require persons engaged in certain businesses, professions, and occupations to be:
A)contractual.
B)monopolized.
C)licensed.
D)unlicensed.
10
An agreement to loan money at a higher-than-legal rate of interest is:
A)usurious.
B)unconscionable.
C)adhesive.
D)speculative.







liuzzo7eOnline Learning Center

Home > Chapter 11 > Multiple Choice Quiz