Business Law Online Test Questions Part 5

21. The minimum number of persons required to form a public company is ____________.

a. Six
b. Two
c. Five
d. Seven

Answer: d. Seven

22. In the event of the death of the promisor, the promisee can compel the ____________ to perform the promise

a. Relative of the promisor
b. Friend of the promisor
c. Promisor
d. Legal representative of the promisor

Answer: c. Promisor

23. An agreement entered into with a minor is __________ but not illegal.

a. Implied contract
b. Void contract
c. Formal contract
d. Executed contract

Answer: b. Void contract