business law2

What is the effect of the breach of an innominate term?

• Innocent party is entitled to discharge his obligation

• Right of innocent party depends on severity of breach

• Innocent party can set aside the contract and claim for damages

• Innocent party can sue for damages first, and subsequently set aside the contract.

What is a void contract?

• Innocent party may void the contract

• Defaulting party may rectify the defect to avoid liability.

• Contract is ineffective from the moment the innocent discovers the breach

• Contract is a nullity from the very start

Identify which is likely to be a UNIALTERAL CONTRACT.

• An advertisement placed in newspaper stating price of certain braded watch

• Display of branded shoe in a shop with prices clearly indicated

• An offer by James to sell his iPhone to Sam at $500

• An advertisement that offer a reward for returning a lost white Siamese cat which answer to the names of 'princess'.

Jian had been hospitalised for a elbow injury when he was knocked off his motorcyle by a negligent driver. Jian's claim amounted to $30,000. In which of the following court should he commence his legal action.

• Magistrate court

• Small claims tribunal

• High court

• District court

General rule of acceptance is__________

• it is communicateed when posted

• it is communicated when offeree coommunicates the offeror to confirm that he would be accepting the offer

• it can be waived in a bilateral contract.

• silence is communicated as acceptance.

Singapore has a ______legal system.

• Commom law

• Civil

• Socialist

• religious

Which of the following following forms part of 'written law' in Singapore.

• subsidiary legislation

• trade usage & custom

• case law

• none of the above.

the principle of 'stare decisis' enunciates-

• the principle of 'stare decisis' enunciates-

• each level of court works as the judge of respective court wishes

• lower court ruling should be governed by precedent rulings of higher court.

• magistrate court ruling precedent bounds ruling of hight court of appeal

Supreme court of Malaysia's ruling precedent binds the Singapore Court of Appeal. HINT- hierarchy, stare decisis

• true

• false