WorksheetsWeek 9 quiz CC & P
Total questions: 20
Worksheet time: 10mins
In the case “Dunlop Pneumatic Tyre Co. v Selfridge (1915)” What was the relevance to contracts?
Only parties to contracts are entitled to enforce conditions of contract
All parties affected by a contract can enforce conditions of contract
Parties once removed from a contract can influence contract outcomes
None of these
What is the main point in the case Beswick v Beswick (1968)?
Specific performance may be ordered in lieu of nominal damages to produce a just result for a third party
Performance can never be enforced for an injustice to a third party
Third party to a contract has the same entitlements as the main parties to a contract
All of these are correct in different circumstances
What is a contract?
An unspoken understanding that two parties want to contract
Set of promises that are legally enforceable
A set of promises between like minded business partners
None of these
Are all promises enforceable?
Yes
No
If they are between known identities
If they are between trusted family members
What is the main function of contracts?
Create rules for business operation
Use the legal systems skills for controlling business
Facilitate trade
Create trade impediments
What was the issue with traditional contracts prior to the 20th century?
All parties to contracts had equal power
Large corporations could obtain stronger bargaining positions
Small companies could rescind contracts without cause
None of these
When does tort and contract law overlap?
Breach of contract
At the creation of a contract
During contemplation of consideration in a contract
During contract implementation
Which of the following is not critical for a legitimate “offer and acceptance”?
Offer can be inferred
Offer must be communicated
Acceptance must be precise to the offer
None of these
What is consideration in terms of a contract
Something offered that has value
Something that is legal
Money
Services
All of these
What is an intention in a contract
Parties mean to enter legal relations
Parties have good intentions to agree on a business matter
Parties intentionally meet to discuss contracts
None of these
Which of the following do NOT have the legal capacity to contract.
Intoxicated
Under 18
Insane
All of these
Choose all those below that could make a contract inactionable
Misrepresentation
Unconscionable
Undue pressure to contract
None of the above
Select the objects of agreement below that would make a contract illegal
People smuggling
Illicit drugs
Therapeutic Pharmaceutical
Weapons components
Do contracts have to be in writing?
No
In some circumstances
Yes
In all circumstances
Are contract clauses legally binding if they have not been read?
No
Yes
Yes, if they sign the contract and knew the clause was there but did not read them
Yes, if they are fair to both parties
What is a condition of a contract
A term of fundamental importance to the contract
A term of low importance to a contract
The circumstance in which a contract must be carried out
None of these
Before entering a contract what are some of the things you should be wary of?
Ensure all six contract essentials are present
Understand implied terms
Understand privity of contract
All of these
Which of the following is not a formal contract?
Oral agreement
Written agreement
Registered lease deed
Hire purchase agreement
What is a divisible contract?
One in which one part’s obligation are dependent on the other party’s performance.
One in which one party’s obligations are independent on the other party’s performance
One in which one party’s obligations are dependent on are third party’s performance
None of these
What is a severable contract?
Where consideration is apportioned to work done and payment is not reliant on other portions being complete
Where consideration is apportioned to works contemplated but not yet complete
Where consideration is apportioned to a schedule and no payments are made until the entire contract has been fulfilled
None of these
