Contracts Law 1: Elements of a Contract
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Questions and Answers

What is the relationship between the auctioneer and the property owner in an auction?

  • The auctioneer is the agent of the owner (correct)
  • The auctioneer is the buyer
  • The auctioneer is the seller
  • The auctioneer is an independent contractor

What is the characteristic of a tender?

  • The seller accepts the highest bid
  • The price is negotiable
  • The buyer nominates a price (correct)
  • The price is fixed

What is the result of an advertisement that invites offers?

  • A negotiation begins
  • A contract is formed
  • A offer is accepted
  • An invitation to treat is made (correct)

What is the status of a memorandum seeking attention of interested buyers?

<p>It is a non-binding agreement (A)</p> Signup and view all the answers

What is the characteristic of a draft agreement?

<p>It is a non-binding agreement (A)</p> Signup and view all the answers

What is the result of a statement of price?

<p>An invitation to treat is made (B)</p> Signup and view all the answers

What is the role of the property owner in an auction?

<p>The property owner sets a reserve price (B)</p> Signup and view all the answers

What is the result of a shopper making an offer to buy in a supermarket?

<p>A contract is formed (B)</p> Signup and view all the answers

What is the characteristic of a shop display?

<p>It is an invitation to treat (A)</p> Signup and view all the answers

What is the first element of a contract that was discussed in the lecture?

<p>Offer and Acceptance (C)</p> Signup and view all the answers

What is an offer in the context of contract law?

<p>A proposition by the offeror to the offeree with an intimation of willingness to enter into a contract (B)</p> Signup and view all the answers

Who is the offeree in a contractual agreement?

<p>The person who accepts the offer (A)</p> Signup and view all the answers

What is the case that illustrates an offer to the world at large?

<p>Carlill v Carbolic Smoke Ball Co (1892) (B)</p> Signup and view all the answers

What is the outcome of the Carlill v Carbolic Smoke Ball Co (1892) case?

<p>The court ruled in favor of Mrs. C, stating that CSBC waived the requirement of communication of acceptance (C)</p> Signup and view all the answers

What is an example of a specific person who can be the offeree in a contractual agreement?

<p>A particular person, such as John Smith (B)</p> Signup and view all the answers

What is an example of a group of persons who can be the offeree in a contractual agreement?

<p>A group of accountants (C)</p> Signup and view all the answers

What is not considered an offer in contract law?

<p>An invitation to treat (A)</p> Signup and view all the answers

What is the scenario where CSBC's advertisement was considered an offer to the world at large?

<p>CSBC advertised a medicinal drug for influenza, and Mrs. C claimed 500 pounds (B)</p> Signup and view all the answers

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