LC Business Practice Questions - Leaving Certificate Business Exam - LC Business Practice Questions

Question 1

In Irish contract law as taught at Leaving Certificate, which element is essential for a simple contract to be legally binding?

An official company seal on every page A minimum contract value of €500 Registration of the contract with the Companies Registration Office Offer, acceptance, consideration and intention to create legal relations

Correct Answer:

Offer, acceptance, consideration and intention to create legal relations

Question 2

What does 'consideration' mean in a contract?

The careful thought a manager gives before signing The written schedule attached to a formal deed Something of value exchanged by each party (for example money, goods or a promise) A cooling-off period granted by the Consumer Rights Act 2022

Correct Answer:

Something of value exchanged by each party (for example money, goods or a promise)

Question 3

Which remedy for breach of contract requires the defaulting party to perform the exact obligation agreed?

Damages only Specific performance Rescission only Quantum meruit only

Correct Answer:

Specific performance

Question 4

Under the Consumer Rights Act 2022, goods supplied to a consumer must generally be:

Of satisfactory quality, fit for purpose and as described The cheapest available on the Irish market Manufactured in the European Union Covered by a 10-year free repair guarantee from the retailer

Correct Answer:

Of satisfactory quality, fit for purpose and as described

Question 5

A consumer buys a faulty laptop online and the trader refuses any remedy. Which body primarily deals with individual consumer disputes of this type in Ireland?

Enterprise Ireland The Central Bank of Ireland only The Industrial Development Agency (IDA Ireland) The Competition and Consumer Protection Commission (CCPC) for enforcement/advice, with the Small Claims procedure available for many money claims

Correct Answer:

The Competition and Consumer Protection Commission (CCPC) for enforcement/advice, with the Small Claims procedure available for many money claims

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About this Exam

Prepare with the LC Business Practice Questions - Leaving Certificate Business Exam practice quiz. This question bank includes 100 questions covering business, contract, irish, ireland, and firm. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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LC Business Practice Questions - Leaving Certificate Business Exam

This practice set contains 100 questions from the matching question bank and focuses on business, contract, irish, ireland, and firm. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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LC Business Practice Questions - Leaving Certificate Business Exam

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