Contracts and Agreements: TOEIC Practice Test Questions & Answers

Agreements Eduhyme TOEIC Questions Answers

The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.

The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.

The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.

Q&A Topic: Contracts and Agreements

A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement. Contracts can be written or verbal, and enforceable by law. Examples of contracts include employment contracts, rental agreements, service contracts, and sales contracts. The purpose of a contract is to clearly define the rights and obligations of each party involved and to ensure that all parties understand and agree to the terms outlined in the agreement.

Here are some questions that can help you to clear the TOEIC exam:

Q1 A contract is a _________ agreement that is reached between two individuals or parties.

(a) bound
(b) bounded
(c) binding
(d) boundary

Answer: (c) binding

Q2 A contract between an individual and his or her employer is for the services s/he will provide in exchange for getting _________.

(a) paid
(b) serviced
(c) employed
(d) accrued

Answer: (a) paid

Q3 _________ a rental agreement to live in an apartment for one year is a kind of contract.

(a) writing
(b) sketching
(c) signing
(d) stamping

Answer: (c) Signing

Q4 The tenant promises to pay a _________ amount of rent, and in return, the realty agent promises to supply the accommodation.

(a) large
(b) certain
(c) sum
(d) leased

Answer: (b) certain

Q5 A customer _________ into a contract each time s/he makes a purchase.

(a) goes
(b) joins
(c) becomes
(d) enters

Answer: (d) enters

Q6 A contract is initiated when a person makes an offer to buy something and the seller _________ his or her offer.

(a) agrees
(b) includes
(c) accepts
(d) signs

Answer: (c) accepts

Q7 In order for a contract to be completed, something of _________ needs to be exchanged.

(a) worth
(b) value
(c) goods
(d) interest

Answer: (b) value

Q8 A contract has been created when both the buyer and the seller have agreed that there will be some kind of _________.

(a) consideration
(b) service
(c) application
(d) business

Answer: (a) consideration

Q9 Any contract that is made to buy or sell something that is _________ is not enforceable under law.

(a) illogical
(b) illegible
(c) illegal
(d) illegitimate

Answer: (c) illegal

Q10 A contract is required to be made by those who are legally capable, a condition called _________.

(a) capaciousness
(b) capacity
(c) credence
(d) credibility

Answer: (b) capacity

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