Law of Contract Session 1 2023/24 Quiz
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Law of Contract Session 1 2023/24 Quiz

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@ProminentLemur

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Questions and Answers

What is the legal definition of consent according to section 13?

  • When one party agrees to the terms of the other party
  • When both parties sign a written contract
  • When two or more persons agree upon the same thing in the same sense (correct)
  • When one party makes an offer and the other party accepts

    • According to section 14, which of the following can cause consent to be invalid?

  • Coercion
  • Undue influence
  • Fraud or misrepresentation
  • All of the above (correct)

    • According to section 10, what must a contract have for it to be valid?

  • Lawful consideration and a lawful object (correct)
  • An offer and acceptance
  • Signatures from witnesses
  • Written consent from both parties

    • What does section 24 provide?

    <p>What considerations and objects are lawful, and what are not</p> Signup and view all the answers

    Are offer and counter-offer different?

    <p>Yes, a counter-offer is a new offer</p> Signup and view all the answers

    How can acceptance be made to an offer made to the public?

    <p>By performing the act requested in the offer</p> Signup and view all the answers

    According to section 26, what is the general rule regarding an agreement without consideration?

    <p>It is void</p> Signup and view all the answers

    In the case of Adam and Bill, what is the likely outcome?

    <p>Adam can buy the car for $5,500 as per Bill's offer</p> Signup and view all the answers

    In the case of Faiz and Fizah, what type of consideration is involved in their purchase of the house?

    <p>Future consideration</p> Signup and view all the answers

    What is required for the formalities of a contract to be valid?

    <p>It depends on the type of contract</p> Signup and view all the answers

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