LAW416 - CONTRACT LAW (T/F)

1. Invitation to Treat is a valid offer in law of contract.

• True

• False

1. We need to fulfil any of the 7 essential element of contract to form a valid contract.

• True

• False

1. Acceptance may be expressed in some usual and reasonable manner although the proposal prescribed the manner in which it is to be accepted.

• True

• False

1. An agreement without consideration is VOID when it is made out of natural love & affection.

• True

• False

1. When the contract of necessaries for a minor is regarded to be luxury, the contract is binding upon the minor.

• True

• False

1. A minor is bound to repay his sponsor if he breaches the scholarship agreement 

• True

• False

1. Original offer will remain exist although there is counter-offer has been made by the parties

• True

• False

1. All agreements are contracts. 

• True

• False

1. An acceptance cannot be revoked. 

• True

• False

1. Consideration need not be adequate. 

• True

• False