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Malaysia Contract Law 1

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

What is the main law governing the law of contract in Malaysia?

a)

Contract Acts 1950 (Act 36)

b)

Contracts Act 1950 (Act 136)

c)

Contracts Act 1956 (Act 36)

d)

COntracts Act 1956 (Act 136)

2.

What is contract?

a)

Law

b)

Meeting

c)

Agreement

d)

Intention

3.

Among the functions of contract law is

a)

settle disputes among people

b)

make a person become rich

c)

punish the wrongdoer

d)

imprison the criminal

4.

S2(h) Contracts Act 1950 states that

a)

agreement is a contract

b)

agreement is enforceable when it has a contract

c)

agreement enforceable by law is a contract

d)

enforceable contract is a law

5.

How many types of contract?

a)

1

b)

2

c)

3

d)

4

6.

What are the elements to form a valid contract?nd capacity

a)

offer, acceptance, intention to create legal relation, consideration

b)

offer, acceptance, invitation to treat, consideration, capacity

c)

offer, acceptance, consideration, intention to create legal relation, capacity

d)

offer, acceptance, benefit, competency, invitation to treat

7.

Does silence is consider as acceptance to the proposal?

(a)  

8.

Does contract is valid if it is done through electronic devices?

(a)  

9.

Is capacity or competency is one of the elements to form a valid contract in electronic commerce?

(a)  

10.

Which of the following is not a required element of a contract.

a)

Mutual Assent

b)

Offer and Acceptance

c)

Consideration

d)

Cash Value Exchange

11.

Person's ability to satisfy the elements required for someone to enter binding contracts

a)

Consideration

b)

Mutual Assent

c)

Capacity

d)

Offer and Acceptance

12.

A contract between two parties for illegal activities is not valid.

a)

True

b)

False

13.

Consideration is...

a)

a set of mutual promises in which each party agrees to give up something to the benefit of the other.

b)

The amount of time one has to accept an offer.

c)

The 5 minutes following an offer that must elapse before an acceptance can take place.

d)

The element of a contract that says the value of what each party is giving up must be equal.

14.

Jim purchases a rare antique piece for $5,000. The contract was signed by both parties. in this scenario, who is Jim?

a)

donee

b)

donor

c)

offeree

d)

offeror

15.

Every person in Malaysia attains the age of majority at...

a)

17 yrs

b)

18 yrs

c)

19 yrs

d)

25 yrs

16.

In an auction session, when does the acceptance takes place?

a)

When bidders make bids

b)

When the auctioneer knocks his hammer confirming the highest bid

c)

when the bidder wins the bid

d)

When full payment of the item is payed

17.

Which section allows a person to sell his horse worth RM1000 for only RM10?

a)

S.3 Contracts Act

b)

S,5 Contracts Act

c)

S.26 Contracts Act

d)

S.28 Contracts Act

18.

When can an offer be revoked by the offeror?

a)

After an acceptance is made

b)

Before an acceptance is made

c)

After consideration moves between the parties

d)

Before consideration moves between the parties

19.

Advertisements made by manufacturers are considered as ...

a)

offers

b)

invitation to treat

c)

past consideration

d)

executory consideration

20.

What is contract discharge by agreement?

a)

elements of offer and acceptance.

b)

voidable contract at the options of parties of contract.

c)

a thing may be destroyed in the same manner in which it is constituted.

d)

halfway contract