WorksheetsCSEC CONTRACT
Total questions: 15
Worksheet time: 9mins
What is required to form a legally binding contract?
Offer, Acceptance, Consideration.
Duty, Breach, Causation, Damages
Offer, Acceptance, Collateral, Sufficiency.
Invitation to treat, Offer, Counter Offer, Acceptance.
After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?
Oral
Unenforceable
Valid
Written
Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?
donee
donor
offeree
offeror
What is a counter offer?
A further offer made by the original offeror.
Where a party seeks to introduce a secondary or ancillary agreement to the original contract.
Where a party seeks to change or vary terms of the original offer or seeks to introduce a new term(s).
A rejection and withdrawal of the original offer.
What is the general rule of the postal acceptance rule?
The offer will be accepted once the letter is received by the offeror.
When the seal of the letter is broken by the offeror.
When the letter is posted by the offeree.
When the offeree gets notification from the Royal Mail or Courier that his letter has been received.
What is the definition of an offer?
An expression of willingness to negotiate.
A declaration that one party will contract with another.
Expression of willingness to contract with the party to whom it is addressed, as soon as the latter accepts its terms.
An invitation for other parties to consider whether they are able to purchase the goods/services.
What is the definition of an invitation to treat?
An invitation to another party to accept the offer
An indication of one party's willingness to enter into a contract with the party to whom its addressed as soon as the latter accepts its terms.
When the offeree terminates the offer
An invitation to the other party to make an offer.
An attractively printed booklet giving full description of goods and their prices is called a/an
Catalogue
Receipt
Invoice
Booklet
This document gives a detailed description of stock received and stock in hand.
Inventory
Stock Card
Statement of Accounts
Debit Note
A contract must be in writing.
True
False
The document which gives full details of the goods ordered and how much is being charged is called a/an
Invoice
Receipt
Cheque
Tender
Which of the following is NOT a remedy for breach of a contract
Frustration
Sue for Damages
Specific Performance
Injunction
Which of the following is NOT a means by which a contract may be terminated
Death
Injunction
Performance
Frustration
