11 Legal Studies U2T1&2 Contract Law

If conditions to a contract have been broken by one party then the other may

• Treat the contract as discharged.

• Continue the contract.

• Sue for breach of contract.

• All of the above.

Certain factors may cause a contract to become invalid. Which of the following factors does not?

• Mistake

• Duress

• Misrepresentation

• Illegality

Which of the following is not a rule as to an offer?

• An offer must be communicated to the person accepting the offer.

• An offer can be withdrawn at any time before acceptance.

• An offer may be made to a particular person, to a class of persons, or to all the world.

• The offer cannot include conditions to be followed by the person accepting the offer.

Actual or threatened violence (or imprisonment) to the contracting party describes which of the following terms:

• Duress

• Utmost good faith

• Undue influence

• Unconscionable conduct

Which of the following statements is not true for warranties?

• Less important terms of the contract.

• Regarded as a subsidiary to the main purpose of the contract.

• More important terms of the contract.

• The basic nature of a contract is not changed by a failure to perform a warranty term.

A promise, unsupported by consideration, can be enforceable by making it in the form of

• An oral contract

• A deed

• A quasi contract

• An implied contract

A counter offer

• Voids the original offer

• Does not void the original offer

• May void the original offer

• Sometimes voids the original offer

Which of the following could not be said to describe consideration given for a valid contract?

• The price of a promise paid by the person.

• Buying a promise from another by giving something in return.

• A sign of good faith.

• Some benefit to the person who is making a promise.

If a party to a contract incorrectly describes the goods for sale, but is honestly mistaken and can prove to have been so, then the contract is:

• Voidable by the buyer

• Illegal

• Valid

• Enforceable by the seller

There is an implied condition that goods must be fit for the purpose. This means that goods:

• Must be exactly fitted for their intended purpose.

• Must be of merchantable quality.

• Must be reasonably fit for their specific purpose.

• Must be fit for any useful purpose.