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WorksheetsContract Law
Total questions: 50
Worksheet time: 27mins
Below are the elements to form a valid contract EXCEPT:-
Capacity
Consideration
Invitation to Treat
Offer
Which one is NOT invitation to treat?
In what modes an offer can be made?
(a)
Does offer can be revoked?
(a)
What section in Contract Act 1950 provides an offer can be revoke?
Section 5 (1) A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards
Section 6 (a) A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards
Section 7 A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards
Section 3 A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards
Does silent is amount to an acceptance?
Yes
No
Maybe
Below are the requirements should exist to show element of acceptance is fulfill EXCEPT:-
Acceptance must be communicated
Acceptance must be absolute and unconditional by law
Acceptance must make within reasonable time
Acceptance must be reasonable
Below are the classification in the element of Consideration EXCEPT:-
executory consideration
executed consideration
perpetual consideration
past consideration
What is the implication if a minor enter into a contract?
(a)
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
Person's ability to satisfy the elements required for someone to enter binding contracts
Consideration
Mutual Assent
Capacity
Offer and Acceptance
A contract between two parties for illegal activities is not valid.
True
False
A minor has the capacity to contract when...
Always
Only valid on contracts valuing over $1 Million
For necessities like food, clothing, and lodging
It depends on the state you live in
Which of the following is a contract?
Betty offers to give a book to Lou. Lou accepts.
Betty offers Lou the book in exchange for Lou’s promise to pay twenty-five dollars. Lou accepts.
Betty offers to give Lou the book if Lou promises to pick it up at Betty’s house. Lou agrees.
None of the above
Consideration is...
a set of mutual promises in which each party agrees to give up something to the benefit of the other.
The amount of time one has to accept an offer.
The 5 minutes following an offer that must elapse before an acceptance can take place.
The element of a contract that says the value of what each party is giving up must be equal.
Offering a reward to anyone who can return your lost pet is an example of a...
Bilateral contract
Unilateral Contract
Which of the following is the most common/ acceptable reason to discharge a contract.
Performance
Fraud
Breach
Agreement
Which of the following is a remedy to a breached contract?
Money Damages
Restitution
Specific Performance
All of the above
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
Robert offered a reward for anyone who returns his lost wallet. What type of contract is this?
Bilateral
implied
unilateral
void
Agreeing to give false testimony violates which element?
capacity
consideration
legality
offer
What elements would NOT cause grounds for avoidance due to lack of genuine agreement?
Duress
Undue Influence
Misrepresentation
Promises
Mistakes
Jenn asked Lucas if he wanted to buy her car for $5,000. Who is Jenn is this transaction?
donee
donor
offeree
offeror
Lucas' agreeing to accept Jenn's proposal to sell her car is which element of a contract?
acceptance
consideration
rejection
revocation
A contract to charge a set price with competitors violates which element?
capacity
consideration
legality
offer
What is discharge of contract?
(a)
A contract may be discharged by...
breach
performance
frustration
agreement
What is contract discharge by agreement?
elements of offer and acceptance.
voidable contract at the options of parties of contract.
a thing may be destroyed in the same manner in which it is constituted.
halfway contract
Which one is the types of Contract that is discharge by Agreement?
Novation
Alteration
Rescission
Remission
Waiver
What is contract discharge by performance?
(a)
Example of discharge of frustration are...
Person to perform dies or falls ill
frust in love
Subject matter destroyed
frustration during war
What are the effect of Contract in Discharge of frustration?
(a)
What is discharge by breach?
(a)
2 types of breach of contract?
Actual breach of contract
Anticipatory or constructive breach of contract
Contract of Law
Contract of Acceptance
A lends RM500 to B. He later tells B that he need not repay the amount, the contract is discharged by -
breach
waiver
novation
love
A minor can enter into a contract for necessaries. Necessaries would depend on __________
The minor's needs, the nature of the goods and the minor's condition of life
The status of the minor's parents and the price of the goods
The quality of the goods and the condition of the goods
The parents actually need and the ability to pay
When a contract is terminated, it is said to be __________ and the contracting parties are free from further obligations arising from it
Implemented
Discharged
Applied
Occurred
Sometimes it appears that a person is making an offer, but in actual fact, it turns out he did not. An __________ merely invites the interested parties to make an offer
Offer to an individual
Invitation to treat
Inquiry
Offer to the world at large
Generally, the following people do not have the capacity to make a valid contract EXCEPT
Minors
Drunken Persons
Bankrupts
Majors
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
Person's ability to satisfy the elements required for someone to enter binding contracts
Consideration
Mutual Assent
Capacity
Offer and Acceptance
A contract between two parties for illegal activities is not valid.
True
False
Consideration is...
a set of mutual promises in which each party agrees to give up something to the benefit of the other.
The amount of time one has to accept an offer.
The 5 minutes following an offer that must elapse before an acceptance can take place.
The element of a contract that says the value of what each party is giving up must be equal.
Which of the following is the most common/ acceptable reason to discharge a contract.
Performance
Fraud
Breach
Agreement
Which of the following is not a required element of a contract.
Mutual Assent
Offer and Acceptance
Consideration
Cash Value Exchange
What is a contract?
man made law
legally binding agreement between parties
rules for contract
binding agreement
What are the types of contract?
binding contract, law contract and agreement
valid contract, contract validity, voidable contract
valid contract, void contract and voidable contract
municipal contract, bilateral contract and void contract
Every person in Malaysia attains the age of majority at...
17 yrs
18 yrs
19 yrs
25 yrs
Advertisements made by manufacturers are considered as ...
offers
invitation to treat
past consideration
executory consideration
