$1.$A voidable contract is a formal agreement between two parties that may be rendered unenforceable under the law for number of legal reasons. Which of the following below is not the reason for enforcement?

a$)$A mistake, misrepresentation, or fraud.

b$).$ Undue influence or duress.

c$).$ Failure by one both parties to disclose a material fact.

d$).$ Bets and wagers

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$2.\_\_\_\_\_\_\_\_\_\_\_\_$ refers to business self$-$regulated with the aim of being socially accountable like improving the working conditions, reducing carbon footprints, and participating in fairtrade.

a$).$ A & B

b$).$ None of the above

c$).$ Business ethics

d$).$ Corporate social responsibility

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$3.$ Which of the following are determined to be illegal contract because it is against public policy?

a$).$ All the above.

b$).$ Contracts to commit a crime or tort.

c$).$ Contracts involving immoral acts.

d$).$ Contracts that are bets and wagers.

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$4.$ Law is a body of rules that can be enforced by the courts or by other government agencies. Please select below that does not apply.

a$).$ A plaintiff bring action before the court for non$-$performance of the contract whose object of the contract are bets and wagers.

b$).$ Incorporation of a company.

c$).$ Purchase of automobile

d$).$ Payment of a loan.

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$5.$The Sale of Goods Act only affects those contract involving goods that are tangible items such as except?

a$.$ Real estate

b$.$ Television

c$.$ Books

d$.$ Building materials

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$6.$ Agency$$is a relationship in which one person, known as an agent, is authorized to bring another party for whom she acts, known as principal, into contractual relations with the third parties. The authority of an agent may be terminated, except:

a$.$ At the end of a time specified in the$$agency$$agreement$.$

b$.$ At the completion of the project for which the$$agency$$was formed.

c$.$ Upon the death or insanity of either the principal or agent.

d$.$ The break$-$up of marital relationship of the principal.

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$7.$ The general rule is that a contract of a minor is unenforceable by her against the other side whether or not the other person is aware that he is dealing with a minor.

a$.$ False

b$.$ True

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$8.$ The following are branches of government, except?

a$.$ Judiciary

b$.$ Executive

c$.$ Municipal government

d$.$ Parliament

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$9.$ Business ethics$$refers to the moral principles and standards that guide company$$s behaviour while corporate social responsibility is an integrative management concept that established responsible behaviour of the company towards the society.

a$.$ False

b$.$ True

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$10.$ The Sale of Goods Act should be viewed as a supplement to the common law rules of contract, the acts are complementing rather than overriding on the stipulated contract.

a$.$ False

b$.$ True