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

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@ProminentLemur

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Questions and Answers

What are the elements that form a valid contract?

  • Offer, acceptance, and capacity (correct)
  • Consideration, coercion, and uncertainty
  • Acceptance, undue influence, and certainty
  • Invitation to treat, consideration, and intention to create legal relation

    • Which of the following is a type of voidable contract due to a threat of harm or violence?

  • Mistake
  • Implied terms
  • Coercion (correct)
  • Specific performance

    • What is the consequence of breach of contract that involves failing to meet the agreed terms?

  • Impossibility (frustration)
  • Specific performance
  • Damages (correct)
  • Restitution

    • In contract law, what is the term used for an agreement to do something that is so defined and certain that an objective standard can be applied?

    <p>Certainty</p> Signup and view all the answers

    What concept in contract law refers to a situation where one party puts pressure on the other to enter into a contract?

    <p>Undue influence</p> Signup and view all the answers

    Which term in contract law refers to a performance obligation that is central to the contract and failure of which might be considered a breach?

    <p>Performance</p> Signup and view all the answers

    What is an invitation to treat?

    <p>A statement indicating willingness to negotiate</p> Signup and view all the answers

    Which of the following is an example of an invitation to treat?

    <p>The display of goods in a shop window</p> Signup and view all the answers

    In the case of Pharmaceutical Society of Great Britain vs Boots Cash Chemists, what was the issue?

    <p>Boots was charged for selling a listed poison without proper supervision</p> Signup and view all the answers

    In the case of Fisher vs Bell, what was the defendant charged with?

    <p>Offering for sale a flickknife in a shop window</p> Signup and view all the answers

    In the case of Payne vs Cave, what was the issue?

    <p>The defendant made the highest bid and withdrew it before the fall of the hammer</p> Signup and view all the answers

    Which of the following is NOT an example of an invitation to treat?

    <p>A firm offer to sell goods at a fixed price</p> Signup and view all the answers

    What is required for an agreement to be considered a contract?

    <p>All of the above</p> Signup and view all the answers

    Which of the following agreements is considered a contract?

    <p>A commercial agreement</p> Signup and view all the answers

    What is the age of majority according to the Age of Majority Act 1971?

    <p>18 years old</p> Signup and view all the answers

    Which of the following contracts involving a minor is considered valid?

    <p>All of the above</p> Signup and view all the answers

    What happens if an agreement's meaning is not certain or cannot be made certain?

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

    In the case of Karuppan Chetty vs Suah Thian, why was the contract declared void?

    <p>Uncertainty of terms</p> Signup and view all the answers

    In contract law, when are two or more persons said to consent?

    <p>When they agree upon the same thing in the same sense</p> Signup and view all the answers

    What is the impact of coercion, undue influence, fraud, misrepresentation, or mistake on consent in a contract?

    <p>Invalidates consent</p> Signup and view all the answers

    According to section 10 of the law, what is necessary for a contract's consideration and object?

    <p>Lawful consideration and lawful object</p> Signup and view all the answers

    Under section 26, what is the status of an agreement without consideration?

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

    In the scenario provided, what price did the garage owner, Bill, agree to sell the car to Adam for?

    <p>RM5,500.00</p> Signup and view all the answers

    What was the reason Faiz decided to divorce his wife in exercise 2?

    <p>Their marriage had problems</p> Signup and view all the answers

    What is the legal definition of a contract according to the Contract Act 1950?

    <p>An agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as consideration.</p> Signup and view all the answers

    Which of the following is NOT an essential element required to form a valid contract?

    <p>Registration</p> Signup and view all the answers

    What is the key difference between an oral contract and a written contract?

    <p>Written contracts are better than oral agreements.</p> Signup and view all the answers

    What is the legal definition of an offer according to the Contract Act 1950?

    <p>A communication that indicates the terms on which the offeror is prepared to make a contract and gives a clear indication that the offeror intends to be bound by those terms if accepted by the offeree.</p> Signup and view all the answers

    What was the key issue in the Carlill vs Carbolic Smoke Ball Co. case mentioned in the text?

    <p>Whether an offer can be made to the public at large.</p> Signup and view all the answers

    Which of the following is NOT an essential element of a valid contract?

    <p>Mutual agreement</p> Signup and view all the answers

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