Module One Quiz - Introduction
Contracts 101: Test Your Knowledge
Welcome to the Contracts 101 quiz! Whether you're new to the world of contracts or looking to brush up on your knowledge, this quiz will challenge your understanding of key legal concepts.
- 9 questions covering various aspects of contracts
- Multiple choice, text, and checkbox formats
- Ideal for legal professionals and enthusiasts alike
True or False? Contracts can be (originally) written by any of the parties involved.
True
False
What is the name of an event in which a person is morally or legally bound?
Task
Obligation
Matter
Forced Matter
If your Legal team are overworked, what does this create?
Efficiency
Increased Revenue
Risk
Contracts
Which of these are stages in the contract lifecycle?
Template Creation
Contract Approval
Contract Performance
Contract Execution
All of the above
What do Procurement teams do?
Buy things
Sell things
What is the name given to someone who engages Legal for a task?
Salesperson
Customer
Internal Customer
Procurement
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