6. Consumer Skills

Contracts Basics — Quiz

Test your understanding of contracts basics with 5 practice questions.

Read the lesson first

Practice Questions

Question 1

Which of the following is a necessary element for a valid contract along with offer and acceptance?

Question 2

Which of the following describes an ‘implied term’ in a contract?

Question 3

Which of the following best describes a ‘breach of contract’?

Question 4

Which of the following is an example of a ‘unilateral contract’?

Question 5

Which of the following is an example of ‘capacity’ to enter into a contract?