Font size
WorksheetsElement of contract: agreement & consideration
Total questions: 15
Worksheet time: 6mins
The Act which governing the law of contract in Malaysia is ______
Contract Acts 1950 (Act 36)
Contracts Act 1950 (Act 136)
Contracts Act 1956 (Act 36)
COntracts Act 1956 (Act 136)
A contract is an agreement between at least _____ parties which has legal effect.
one
two
three
four
The following are types/effect of contract EXCEPT
Void
Voidable
Not Recognize
Uneforceable
A contract that amounts to nothing and has no legal effect is
unenforceble
voidable
void
unilateral
What are the elements to form a valid contract?
offer, acceptance, intention to create legal relation, consideration
offer, acceptance, invitation to treat, consideration, capacity
offer, acceptance, consideration, intention to create legal relation, capacity
offer, acceptance, benefit, competency, invitation to treat
Answer Yes/No. Does contract is valid if it is done through electronic devices?
(a)
A proposal by one party to another intended to create a legally binding agreement is _____________
an acceptance
an agreement
a contract
an offer
What is the general rule of the postal acceptance rule?
The offer will be accepted once the letter is received by the offeror.
When the letter is posted by the offeree.
When the seal of the letter is broken by the offeror.
When the offeree gets notification from the postman or Courier that his letter has been received.
In an auction session, when does the acceptance takes place?
When bidders make bids
When the auctioneer knocks his hammer confirming the highest bid
when the bidder wins the bid
When full payment of the item is payed
Section 26 of the Contracts Act 1950 states that all agreements without consideration are void.
True 🔴
False 🔺
Consideration in a contract means that:
A person has the mental capacity to enter into a contract.
The two parties deal with the contract in a polite manner.
The contract is legal and fully valid.
Something of value is being exchanged by the two parties.
John finds Mary’s handphone and gives it to Mary. Mary promises to buy lunch for John. There is a contract.
True 🌝
False 🌚
The above statement describe .....
Gift promises are not generally enforceable because they lack of
