Unit 4 Business Contracts Quiz
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- Question 1 of 15
1. Question
What information can you expect in a preamble to a contract?
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2. Question
Which of the following would likely be the title of a contract?
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3. Question
Where would a Seller typically assure a Buyer that it the sole owner of the goods being sold?
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4. Question
What would we expect to find in a sentence of the contract beginning with NOW THEREFORE?
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5. Question
Which of the following would mean the same as a WHEREAS clause?
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6. Question
Which date is written in standard format?
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7. Question
Which of the following is a standard way to create a defined term?
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8. Question
What is the difference between the term of a contract and the termination of a contract?
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9. Question
What is a closing in a business deal?
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10. Question
Which of the following best defines an event of default?
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11. Question
Which of the following has the closest meaning to “this contract is made as of March 2, 2020”
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12. Question
Which of the following has the closest meaning to covenant?
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13. Question
Which of the following has the best definition of a breach of contract?
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14. Question
Which of the following is most likely to be part of a Schedule to a contract for a commercial loan?
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15. Question
Of the following, which is the best definition of a merger clause?
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