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4009CLS Workshop 3 - Contract I

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Contracts can only be in writing.

a)

True

b)

False

2.

The name given to the person who makes the offer is the (a)   ?

3.

What happens to an offer if the offeree dies?

a)

The offer will continue to be made without them

b)

Someone else will make an offer in their name

c)

The contract will need to be closed down by the other party's lawyers

d)

The offer dies

4.

Is sending an email confirmation a form of acceptance?

a)

Yes

b)

No

5.

Chandler has made an offer to Monica to buy her New York apartment. Monica posts a letter to confirm her acceptance of the offer but the letter gets lost in the post. Has the offer been accepted?

a)

No, the letter never reached Chandler to confirm

b)

Yes, it was accepted as soon as Monica posted the letter

c)

No, and the postal system is liable for losing the letter

d)

Yes, Chandler will receive it eventually

6.

A unilateral offer is...

a)

A promise in return for an act

b)

A promise in return for a promise

c)

A promise to buy a unicycle

d)

A promise that has been accepted by one person

7.

Which of the following is NOT an example of a contract

a)

Taking a bus to Coventry City Centre

b)

Buying a new phone online from a second hand shop

c)

Agreeing to work an extra shift for your manager

d)

Your parents giving you pocket money every week

8.

What are the 5 essential elements of a contract?

a)

Offer, Acceptance, Consideration, Intention, Cancellation

b)

Offer, Acceptance, Clauses, Sections, Clarity

c)

Offer, Acceptance, Consideration, Intention, Capacity

d)

Offer, Acceptance, Compliance, Information, Clarity

9.

Jim offers to buy Michel's Ferrari for £1. Michael agrees to this offer, not realising how valuable his car is. Later Michael realises his mistake and wants his car back. Is Michael's claim likely to succeed?

a)

Yes

b)

No

10.

In your own words, what is an invitation to treat?

4 lines