Understanding Contracts (Grade 10 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does it mean when a contract is described as 'enforceable'?
What does it mean when a contract is described as 'enforceable'?
A court can make you follow the agreement
What happens if essential details are missing from a contract?
What happens if essential details are missing from a contract?
It becomes legally unenforceable
Which responsibility must employers fulfil according to employment contracts?
Which responsibility must employers fulfil according to employment contracts?
Provide fair payment to employees
What must employees do according to their employment contract responsibilities?
What must employees do according to their employment contract responsibilities?
Act in the best interests of the business
What is a key responsibility of the insured person in an insurance contract?
What is a key responsibility of the insured person in an insurance contract?
Be honest when providing information
What can happen if someone is dishonest when applying for insurance?
What can happen if someone is dishonest when applying for insurance?
The insurer can void the entire policy
In a hire purchase agreement, how does the total amount paid compare to the original price?
In a hire purchase agreement, how does the total amount paid compare to the original price?
It will be more than the original price
What is the key characteristic of a lease agreement regarding ownership?
What is the key characteristic of a lease agreement regarding ownership?
The lessee never owns the asset
How are disputes between landlords and tenants resolved?
How are disputes between landlords and tenants resolved?
Through Rental Housing Tribunals
What is required for a contract to be legally enforceable?
What is required for a contract to be legally enforceable?
All parties must have contractual capacity