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WorksheetsContracts
Total questions: 10
Worksheet time: 5mins
A contract may be discharged by:
i. Breach
ii. lapse of time
iii. Offer and acceptance
I and II only
I and III only
II and III only
I,II and III only
An essential feature of a valid contract is that
the offer has been made to the offeree
the offer is made in writing by the offeror
a counteroffer has been made by the offeree to the offerer
the offer has been accepted by the offeree either in writing or orally
Mr John offered his car for sale for $70 000. Miss Maraj said that she would pay him $66 000 for it. Which of the following phrases BEST describes Miss Maraj's action?
Accepted the offer
Agreed to a contract
Made a counter offer
Made an invitation to treat
Which of the following factors prevents an agreement from being considered a valid contract?
Consideration
Legal purpose
Misrepresentation
Offer and acceptance
Melissa, a teenager, wanted to earn extra income, so she offered to wash cars for $10. Ms Hinds bought her car to be washed. Melissa washed her car and Ms Hinds paid her $15. What type of contract is demonstrated in the case above?
Social
Simple
Business
Specialty
Which of the following is NOT a legitimate way to terminate a contract?
Breach
Performance
Lapse of time
Change of mind
In a recent conversation Ann asked Betty the price at which she would sell a book. Betty replied that she would sell it for $5. The conversation constituted
a contract between the parties
An offer from Betty to sell the book for $5 to Ann
An enquiry and statement of the selling price of the book
The sale of the book for $5
Which of the following contracts must be evidenced in writing?
Purchase of a bus ticket
Purchase of a radio
Purchase of a lot of land
Purchase of a car for cash
If Albert fraudulently represents himself to be John and induces Peter to make a contract with him, the contract is
Void
Voidable
Ultra vires
discharged
Under which of the following conditions can the contract be terminated?
i. Both parties agree to do so
ii. One party loses his job
iii. The subject matter ceases to exist
iv. The subject matter is illegal
I and II only
I and III only
II and III only
III and IV only
