Podcast
Questions and Answers
What is the condition precedent for the offer to buy a car in Financing Ltd vs Stimson?
What is the condition precedent for the offer to buy a car in Financing Ltd vs Stimson?
- The car must be in a damaged condition
- The car must be sold immediately
- The car must be in good condition (correct)
- The car must be sold at a discounted price
What happens to the offer when the offeror dies or becomes mentally disordered, according to Sect 6(d) of CA 1950?
What happens to the offer when the offeror dies or becomes mentally disordered, according to Sect 6(d) of CA 1950?
- The offer is suspended for a reasonable time
- The offer is revoked only if the offeree knows about the death or mental disorder (correct)
- The offer is terminated immediately
- The offer is accepted by default
Who can revoke the offer according to Sect 6(a) of CA 1950?
Who can revoke the offer according to Sect 6(a) of CA 1950?
- Only the offeror (correct)
- Only the offeree
- Either the offeror or the offeree
- Neither the offeror nor the offeree
When can the offeree revoke their acceptance, according to Sect 5(2) of CA 1950?
When can the offeree revoke their acceptance, according to Sect 5(2) of CA 1950?
How must the revocation of acceptance be communicated to the offeror?
How must the revocation of acceptance be communicated to the offeror?
When is the communication of a revocation of acceptance complete against the offeror?
When is the communication of a revocation of acceptance complete against the offeror?
Which of the following is a valid contract despite the absence of consideration?
Which of the following is a valid contract despite the absence of consideration?
What is the significance of the Limitation Ordinance 1953 in contracts?
What is the significance of the Limitation Ordinance 1953 in contracts?
What is the condition for a contract to be binding under Section 26 (a)?
What is the condition for a contract to be binding under Section 26 (a)?
What is required for a new agreement to pay a statute-barred debt to be valid?
What is required for a new agreement to pay a statute-barred debt to be valid?
Which section of the contract law states that an agreement made without consideration is void unless certain conditions are met?
Which section of the contract law states that an agreement made without consideration is void unless certain conditions are met?
What is the effect of a promise made without consideration on a contract?
What is the effect of a promise made without consideration on a contract?
What is the outcome if the consideration in a contract is inadequate?
What is the outcome if the consideration in a contract is inadequate?
Which of the following is not a situation where a contract is valid despite the absence of consideration?
Which of the following is not a situation where a contract is valid despite the absence of consideration?
What is the main principle in the case of Phang Swee Kim vs Beh I Hock?
What is the main principle in the case of Phang Swee Kim vs Beh I Hock?
What is the significance of a written promise to pay a debt?
What is the significance of a written promise to pay a debt?
What is the requirement for a contract to be made on account of natural love and affection?
What is the requirement for a contract to be made on account of natural love and affection?
What is the outcome if a debtor makes a fresh promise to pay a statute-barred debt?
What is the outcome if a debtor makes a fresh promise to pay a statute-barred debt?
