Contract Law Quiz

What is the major significance of the word 'bargain' in contract law?

• It involves an agreement that is binding on both parties

• It involves an agreement that is not based on mutuality

• It involves an agreement that is binding on only one party

• It involves an agreement that is not legally enforceable

What is the difference between an offer and an invitation to treat?

• An offer is a statement of intent to be legally bound, while an invitation to treat is a passive state not open to acceptance

• An offer is legally binding, while an invitation to treat is not based on mutuality

• An offer is a passive state not open to acceptance, while an invitation to treat is a statement of intent to be legally bound

• An offer is not legally enforceable, while an invitation to treat is legally binding

In the case of advertisements, brochures, and price lists, what is the general rule regarding their status as offers or invitations to treat?

• They are considered as counter-offers

• They are considered as offers

• They are considered as invitations to treat

• They are considered as unilateral offers

What is the exception to the general rule for advertisements, brochures, and price lists?

• Where the advertisement is a passive state

• Where the advertisement is unilateral

• Where the advertisement is a counter-offer

• Where the advertisement is bilateral

In the context of shop displays, what is the legal status of goods on display in English Law?

• They are considered as invitations to treat

• They are considered as offers

• They are considered as unilateral offers

• They are considered as counter-offers

What is the consequence of an auction being advertised as 'without reserve'?

• The auction is considered as an invitation to treat

• The auction is considered as an offer

• The auction is considered as a unilateral offer

• The auction is considered as a counter-offer

What is the rule regarding the withdrawal of a unilateral offer while the offeree is performing?

• The offeror can withdraw the offer at any time

• The offeror cannot withdraw the offer while the offeree is performing

• The offeror can withdraw the offer only if the offeree has not started performing

• The offeror can withdraw the offer only if the offeree is aware of the withdrawal

What is the basic rule of contract regarding the communication of offers to the offeree?

• The offeree cannot accept an offer that has not been communicated to them

• The offeree can accept an offer without knowledge of it

• The offeree can accept an offer that has not been communicated to them

• The offeree cannot accept an offer even with knowledge of it

What is the rule regarding the termination of an offer when one of the parties dies?

• The offer is terminated if the offeror is aware of the offeree's death

• The offer is terminated if the offeree dies

• The offer is terminated if the offeror dies

• The offer is terminated if the offeree knows of the offeror's death

What happens when an offeree decides to change the terms of an offer?

• The original offer remains valid and the counter-offer is considered as a bilateral contract

• The original offer is terminated and the counter-offer is considered as a unilateral offer

• The original offer remains valid and the counter-offer is considered as a new offer

• The original offer is terminated and becomes a counter-offer