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Revision Questions Contracts Form 4

Total questions: 20

Worksheet time: 12mins

Name
Class
Date
1.
The person making the offer is called the 
a)
Offeree
b)
Offeror
c)
Sender
d)
Giver
2.
The person receiving the offer is referred to as the 
a)
offeror
b)
offeree
c)
receiver
d)
acceptor
3.
This element refers to someones mental ability to enter into an contract.
a)
consideration
b)
legality
c)
capacity
d)
genuine agreement
4.
Which of the following is not one of the requirements of a valid offer?
a)
made seriously
b)
definite and certain
c)
put in writing
d)
communicated to offeree
5.
To be effective, an offer must be communicated to the 
a)
attorney
b)
offeree
c)
lender
d)
offeror
6.

In order to enter into a contract how old do you have to be for it to be enforceable in court?

a)

21

b)

19

c)

18

d)

16

7.

A contract to hire a hit man would be unenforceable because of?

a)

consideration

b)

capacity

c)

genuine agreement

d)

illegality

8.

What is required to form a legally binding contract?

a)

Offer, Acceptance, Consideration.

b)

Duty, Breach, Causation, Damages

c)

Offer, Acceptance, Collateral, Sufficiency.

d)

Invitation to treat, Offer, Counter Offer, Acceptance.

9.

After talking to the salesman on the phone, Molley agree to buy a set of glassware. What type of contract is this?

a)

Oral

b)

Unenforceable

c)

Valid

d)

Written

10.

Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?

a)

donee

b)

donor

c)

offeree

d)

offeror

11.

What is a counter offer?

a)

A further offer made by the original offeror.

b)

Where a party seeks to introduce a secondary or ancillary agreement to the original contract.

c)

Where a party seeks to change or vary terms of the original offer or seeks to introduce a new term(s).

d)

A rejection and withdrawal of the original offer.

12.

What is the definition of an invitation to treat?

a)

An invitation to another party to accept the offer

b)

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.

c)

When the offeree terminates the offer

d)

An invitation to the other party to make an offer.

13.

A contract must be in writing.

a)

True

b)

False

14.

_________________ is the legal ability to enter into a contract, so minors and those with mental impairments lack it.

a)

Executory

b)

Consent

c)

Acceptance

d)

Capacity

15.

What is an example of a Specialty contract?

a)

Employment contract

b)

Sales contract

c)

Rental contract

d)

All of the above

16.

A written or oral agreement between 2 parties.

a)

Memo

b)

Invoice

c)

Contract

d)

Requisition

17.

What is the first condition/ step in a contract?

a)

Consideration

b)

Acceptance

c)

Capacity

d)

Offer

18.

A Specialty Contract must be

a)

Signed

b)

Sealed

c)

Delivered

d)

All of the above

19.

In this type of contract, the details are assumed.

a)

Oral

b)

Written

c)

Implied by conduct

d)

Express

20.

A contract can be discharged by

a)

Frustration

b)

Breach

c)

Death

d)

Bankruptcy