Business Law Quiz Summer 2026 Question Paper

Daffodil International University Faculty of Business and Entrepreneurship Department of Business Administration Program: BBA Semester: Summer 2026 Time: Course Code: 0421-215 Sections: 68 C Examination: Quiz 1 Full Marks: 5 Course Title: Business Law Teacher’s Name: NTH 1. Describe the basic chain by which an offer becomes a contract and state the meaning of each of the following in one or two lines: (a) valid contract, (b) void agreement, (c) voidable contract, (d) illegal contract. (CLO 1, Level I) 2. Explain the concept of “Intention to create legal relations”. In your answer, give one commercial example where intention is presumed and one social/family example where it is usually not presumed. (CLO 2, Level II) 3. A agrees to lend B Tk. 1,00,000 knowing that B will use the money to run an illegal casino business prohibited by law. B promises to repay A with high interest. Later, B refuses to repay, arguing the agreement is not enforceable. Apply the rules on lawful object and lawful consideration to decide whether A can recover the money under contract. (CLO 3, Level III) 4. Analyze how the mirror image rule helps distinguish between a valid acceptance, a counter ‑ offer, and a mere inquiry about terms of contract with appropriate illustrations. Discuss the practical risks of not being able to identify the difference during negotiations. (CLO 4, Level IV)