CONTRACT LAW

The word contract is defined under _______________.

• Section 2(a) of Contract Act 1950

• Section 2(c) of Contract Act 1950

• Section 2(e) of Contract Act 1950

• Section 2(h) of Contract Act 1950

The main elements of contract include all the following EXCEPT

• Acceptance

• Consideration

• Invitation to treat

• Capacity

There are THREE (3) types of consideration EXCEPT

• Past consideration

• Executed

• Accessory

• Executory

Any modification of the offer is named as _____________ and it is a rejection of the original offer.

• Acceptance

• Invitation to treat

• Counter offer

• Counter acceptance

John is 12 years old. His father passed away two years ago and his father left him a piece of land. John entered into a contract to sell the land to his aunt. Is there a valid contract in this case?

• The contract is a voidable contract.

• It depends. If John wants to continue with the contract, he is able to do so.

• No. John cannot enter into the contract, he is a minor.

• The contract is a valid contract.

A counter offer destroys the original offer based on the decided case of_________.

• Carlill v Carbolic Smoke Ball Co. Ltd [1893]

• Harrison v Nickerson [1873]

• Felthouse v Bindley [1862]

• Hyde v Wrench [1840]

______ is when a person shows his willingness to do something or abstain(stop) from doing something, in exchange for something of value.

• Acceptance

• Offer

• Counter-offer

• Consideration

X applied for remedy from the court since Y could not complete the job as mentioned in the contract made between X and Y. What is the remedy available for X?

• Damages

• Consideration

• Intention

• Ownership

Following statement shows a person who is competence to enter a contract EXCEPT

• Age of majority

• Sound of mind

• Insane

• Qualified by law

​ (a)   in contract law can be defined as a sum of​ (b)   paid to the innocent party in ​ (c)   for a breach of ​ (d)   . The main purpose of damages is to enable the innocent party to receive ​ (e)   compensation from the party responsible for the breach of contract.

• Damages
• money
• compensation
• contract
• monetary