CONTRACT QUIZ

All of the following are ways of discharging or terminating a contract except?

• By performance

• By acceptance

• By frustration

• By breech

Agreements that are legally binding are called?

• policies

• transaction

• contracts

• domestic arrangement

Contracts that are under seal are called?

• Simple contract

• Void contract

• unenforceable contract

• Specialty contract

An important feature of all simple contracts is?

• condition

• guarantee

• specific performance

• consideration

All of the following are features/elements of a simple contract except?

• offer

• invitation to treat

• consideration

• acceptance

A shop makes an invitation to treat by putting goods in the shop window with a price label and a customer may offer to buy them.

• True

• False

A counter offer is an offer made in response to a previous offer.

• True

• False

All agreements are contracts likewise, all contracts are agreement.

• True

• False

David invited his friend Adrian to his birthday party; Adrian agreed to attend the party. This is an example of a social/domestic agreement and not a contract.

• True

• False

An example of a specialty contract is?

• Bob agreeing to mow Lorna's lawn

• hire purchase agreement

• display of goods at a shop window

• price-list in a store