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WorksheetsBusiness Law - Exam prep
Total questions: 35
Worksheet time: 18mins
When A parks the car in paid parking lot, there is a _________ contract
Bilateral
Executory
Implied
Express
Mark the statements that are true
Consideration must be adequate
Agreement without consideration is valid
Contract of agency is valid without consideration
Agreement to compensate for past voluntary service is valid
Which statement is false
Promise to give a gift is valid
Completed gift is valid
Unsoundness of mind may arise from..
Idiocy
Drunkenness
Old age
Hypnotism
Which statement is false?
Minor can be made a partner for profits
Minor can be an agent
Minor is personally liable for necessaries
There is no estoppel against minors
Which of the following are not fiduciary relationship
Guru and devotee
Creditor and debtor
Solicitor and client
Mother and daughter
__________ leads to a voidable contract
Fraud
Coercion
Misrepresentation
All of the above
Mistake of law of the country leads to ...
Valid Contract
Void contract
Voidable contract
Void agreement
Termination of a contract is called
Restitution
Ratification
Remission
Rescission
Which of the following does not fall under the category of an invitation to treat?
An advertisement
An auctioneer inviting bids for a particular item
An advertisement of reward for the return of a lost pet
A display of goods with price tags in a self-service supermarket
Can a minor become an agent?
Yes, it is not necessary for an agent to attain the age of majority
Yes, but the agency contract must be in writing
No, the minor has no legal capacity to do so
No, the minor must obtain permission from the court
Which of the following are goods covered under the Sale of Goods Act 1957?
An island
A RM50 note
A banana tree
A plate
There are a number of exceptions to the nemo dat quad non habet rule. Which of the following is not an exception to this rule?
sale by estoppel
sale by one of joint-owners
sale by a mercantile agent
sale under a void contract
All sum received on behalf of the principal by the agent must be paid to the
principal
agent
third party
owner
The followings are the exception to the general rule in which the acceptance need not be communicated except
unilateral contract
an offer made to the public at large
acceptance made by the offeree
acceptance through postal rule
A principal can terminate his agent's authority by giving ______ notice.
immediate
reasonable
delayed
no
Suraya offers to sell her car to Amalina for RM51,000 or RM55,000. The offer is_________.
Valid because it is communicated to the offeree.
Void because the term of the offer is uncertain.
Valid because the term of the offer is certain.
Void because of inadequacy of consideration.
Ibrahim ordered a special shampoo for scalp care from a catalogue, but the one delivered to him was for normal and dry hair. Ibrahim can sue the supplier for _________.
Breach of implied condition as to merchantable quality
Breach of implied condition as to fitness for particular purpose
Breach of implied condition that goods correspond with description
Breach of implied term as to title
The following are characteristics of a cheque EXCEPT
It is a conditional order in writing
it is signed by the drawer
it is drawn on the banker
It orders the banker to pay a certain sum of money on demand.
Section 60 of the Bills of Exchange Act 1949 provides legal protection for a paying bank in the event the bank had paid
a cheque that has been altered
a cheque where the drawer's signature was forged
a cheque that has expired
a cheque that has a forged endorsement
An order of the court to stop a person from committing a specific act is called
rescission
payment of quantum meruit
specific performance
injunction
What does plaintiff mean?
a person who makes a formal complaint against somebody in court
A judge
the person in a trial who is accused of committing a crime, or who is being sued by another person
An oral contract is _______
Legal
Not enforceable
Not for money
Not legal
Offer, acceptance and consideration are all parts of a
Covers
Loans
Applications
Contract
An agreement between two parties that creates an obligation is a(n)
Contract
Tort
Offer
Purpose
When someone is authorized to act on behalf of another it governed by _______ law
Agency
Tort
Statutory
Administrative
In order for a contract to be enforceable it must have
Acceptance
Consideration
Offers
Legal Purpose
The person to whom an offer is made is termed the offeror.
True
False
All contracts have to be in writing to be enforceable.
True
False
A store display of a MP3 player marked $121.00 would be an offer.
True
False
A clear rejection terminates an offer.
True
False
If the offeree gives the offeror something of value in return for a promise to keep the offer open, this agreement is itself a binding contract and is called a counteroffer.
True
False
A failure to respond at all to an offer can be construed as an acceptance.
True
False
Which of the following is not one of the major requirements for a contract?
offer and accomodation
genuine assent
capacity
consideration
Capacity to contract means that the person
has a genuine need for the goods or service purchased
has ample room to store goods that are purchased
has the ability, according to law, to understand the contract and the consequences thereof.
all of these
