BUSI 2001 Business Law Final Exam (Qns & Ans) 2026

BUSI 2001 Business Law Final Exam (Qns & Ans) 2026

1. Which of the following is not a requirement for a valid
contract?
 - A) Offer
 - B) Acceptance
 - C) Consideration
 - D) Environmental Impact Assessment
 Correct ANS: D
 Rationale: While the first three options are essential elements
of a valid contract, an Environmental Impact Assessment is not a
requirement for contractual validity.
2. Which of the following remedies is typically available for
breach of contract?
 - A) Imprisonment
 - B) Compensatory damages
 - C) Community service
 - D) Banning from business
 Correct ANS: B 

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