WorksheetsCHAPTER 2 : ACCEPTANCE & CONSIDERATION
Total questions: 15
Worksheet time: 9mins
This section provides the definition of "Offer" is
Section 2 (a) CA 1950
Section 2 (b) CA 1950
Section 2 (c) CA 1950
Section 2 (d) CA 1950
Which of the following DOES NOT amount to acceptance of an offer?
When the acceptance is put in the post by the offeree
When the acceptance is received by the offeror
When a third party informs the offeror that the offeree is accepting the offer.
When the acceptance is received by the offeror's agent.
The following statements relate to the postal rules, which one is incorrect
The postal rules can never be excluded from a contract.
The postal rules can be excluded from a contract.
Under the postal rules a letter of acceptance is effective from the moment of posting even though it never arrives.
The postal rules only apply to acceptance of an offer
Which of the following statements is CORRECT, in relation to the withdrawal of an offer?
Communication of withdrawal an offer may only be made by the offeror.
Communication of withdrawal of an offer may only be by the offeree.
Once an offer has been made it can never be withdrawn.
An offeror has one week to withdraw his offer.
Jake send an e-mails to Ali by offering him his computer for £1,000. Ali replies asking if Jake will accept a cheque or does he want cash? Ali's statement will be treated as which of the following.
A counter offer terminating the offer made by Jake.
A refusal of the contract.
Acceptance of Jake's offer.
A request for information.
Which one of the following statements regarding acceptance is TRUE?
Silence does not constitute valid acceptance
An offeree can accept an offer of which he was not aware
There is no need for an offeree to communicate his acceptance to the offeror.
Acceptance need not precisely match the terms of the offer.
What is the principal effect of a counter-offer?
A counter-offer destroys the original offer and replace it with a new offer
A counter-offer creates a binding contract based on the terms of the counter-offer.
A counter-offer creates a new offer, but the original offer is still capable of being accepted.
A counter-offer creates a binding contract based on the terms of the original offer
What does the postal rule state?
That acceptance occurs as soon as the letter is posted.
That acceptance occurs when the letter is received by the offeror
That acceptance occurs when the letter is read by the offeror.
That acceptance does not occur if the letter is lost in the post.
Which one of the following statements provides an accurate description of executory consideration?
Executory consideration is consideration that is yet to be provided
Executory consideration is consideration that has already been provided.
Executory consideration is consideration that is promised following the other party's performance of an act.
Executory consideration is consideration that is insufficient in the eyes of the law
Consideration must be something of value in the eyes of the law . Decided Case involve.....
Thomas v Thomas
Ward v Byham
Re McArdle (1951) Ch 669
Williams v Roffey Bros
B promised to pay A if A completed his house renovation. What type of consideration is this?
Executory consideration
Executed Consideration
Future Consideration
Past Consideration
Adam Danish promised to reward RM2000 to anyone who finds and returns his wallet. Sara Aleesya found and return it to Adam. This is considered as which type of consideration?
Past Consideration
Executory Consideration
Executed Consideration
Federal Constitution
Past consideration means _________.
Money received in the past without making even a proposal
The price which is more than the promisee’s expectation
A past act done before the promise is made
None of the above
A promise to pay a time-barred debt must be :
Oral
Written and signed
Registered
Written and registered
If there is no consideration, then _________.
The agreement is valid
The agreement is void
The agreement is illegal
The agreement is voidable
