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IHLS Chapter 5 Contract

Authored by E Yeo

Education

University

Used 5+ times

IHLS Chapter 5 Contract
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT an element required to form a legally binding contract?

acceptance

offer

consideration

invite to treat

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A contract must be in written form.

True

False

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

From the English common law, the widely recognized age to have full legal capacity to enter a contract is

15

16

18

21

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The contract is valid until it is rescinded by the mistaken party. Another meaning of rescinded is :

regulated

set aside

held liable

forgotten

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mutual mistake occurs when parties ____________ each other.

misunderstand

cheat

lie to

owe a duty of care to

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is the most ideal way for a contract to be discharged with no complications?

breach

performance

agreement

frustration

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There is no cooling off period if you opt to book a hotel room on advanced purchase rate which requires full non-refundable payment at point of booking.

True

False

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