Contract Law (2.1-2.4)

Below are the elements of contract EXCEPT?

• Invitation to treat

• Capacity

• Offer

• Intention to create legal relation

Contract entered by minor is valid EXCEPT?

• Scholarship

• Insurance

• Necessities

• Sale & Purchase

Agreement is intended to be legally enforceable if it is a commercial contract.

• Yes

• No

Which one defines about condition?

• Term of the contract which is so important that it goes to the root of the contract.

• Lesser term, upon breach entitles the injured party merely to damages, not repudiation of the contract

" It will be in the form of actual violence or threatened violence to the person of the contracting party or those near and dear to him or to his property."

The statement above explain about:

An agreement made without consideration, the agreement will be ___________.

• Valid

• Void

• Voidable

• Void ab initio

If the contract entered by the parties consist of fraud, the contract will be ______

• Valid

• Void

• Voidable

• Void ab initio

Contract must be performed according to terms unless consented otherwise.

The statement above refers that the contract can be discharge by ________.

• Performance

• Breach

• Frustration

• Consent

If any of the parties does not agree with the substitution/ alteration/ rescission of the original contract, then the contract is not discharged.

• True

• False

The contract will be discharge by ________, if the contract could not be performed due to outbreak of war.

• Breach

• Consent

• Frustration

• Performance