18 Questions
What is the relationship between the auctioneer and the property owner in an auction?
The auctioneer is the agent of the owner
What is the characteristic of a tender?
The buyer nominates a price
What is the result of an advertisement that invites offers?
An invitation to treat is made
What is the status of a memorandum seeking attention of interested buyers?
It is a non-binding agreement
What is the characteristic of a draft agreement?
It is a non-binding agreement
What is the result of a statement of price?
An invitation to treat is made
What is the role of the property owner in an auction?
The property owner sets a reserve price
What is the result of a shopper making an offer to buy in a supermarket?
A contract is formed
What is the characteristic of a shop display?
It is an invitation to treat
What is the first element of a contract that was discussed in the lecture?
Offer and Acceptance
What is an offer in the context of contract law?
A proposition by the offeror to the offeree with an intimation of willingness to enter into a contract
Who is the offeree in a contractual agreement?
The person who accepts the offer
What is the case that illustrates an offer to the world at large?
Carlill v Carbolic Smoke Ball Co (1892)
What is the outcome of the Carlill v Carbolic Smoke Ball Co (1892) case?
The court ruled in favor of Mrs. C, stating that CSBC waived the requirement of communication of acceptance
What is an example of a specific person who can be the offeree in a contractual agreement?
A particular person, such as John Smith
What is an example of a group of persons who can be the offeree in a contractual agreement?
A group of accountants
What is not considered an offer in contract law?
An invitation to treat
What is the scenario where CSBC's advertisement was considered an offer to the world at large?
CSBC advertised a medicinal drug for influenza, and Mrs. C claimed 500 pounds
This quiz covers the fundamental elements of a contract, including offer and acceptance, intention to create legal relations, capacity to contract, and more. Test your knowledge of Contracts Law 1!
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