Chapter 3: Law of Contract
Quiz by NURHAMIZAH BUSTAMI
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- Q1
What is Contract Law?
Contract law basically a type of public law.
Contract law basically sets out the rights and liability of the public and the government.
Contract law basically governs social relationship and behaviour.
Contract law basically sets out the rights and liabilities of buyer and seller.
30s - Q2
Section 2(h) of Contract Act defines contract as....
agreement between a buyer and a seller.
agreement with valid offer and acceptance.
a sale and purchase agreement.
an agreement enforceable by law.
30s - Q3
Which of the below statement is false?
Breach of contract may entitle the innocent party to claim for compensation.
Contract is formed only after all prerequisite elements are fulfilled.
All sale and purchase agreements are contracts.
Contract law is governed by Contract Act 1950
30s - Q4
What is a bilateral offer?
Offer made to a specific person or a group of identifiable people.
Where only one party has obligation to perform.
Offer made to reward any person who can fulfill a certain condition.
Offer made to the world at large.
30s - Q5
What is a unilateral offer?
Offer made to a specific person or a group of identifiable person.
Offer made to reward any person who can fulfill a certain condition. Only one party has obligation to perform.
Where both parties have obligations to perform.
A type of invitation to treat.
30s - Q6
How many elements of contract have you learned?
Two - certainty and free consent.
Four - offer, acceptance, capacity, and intention to create legal relation.
Two - offer and acceptance.
Four - offer, acceptance, legality, and consideration.
30s - Q7
Where can you find the definition of proposal / offer?
Section 2(a) of Contract Act
Section 2(c) of Contract Act
Section 2(h) of Contract Act
Section 2(b) of Contract Act
30s - Q8
Section 2(c) of Contract Act states that....
The person who makes the offer is called the offeree and the person who accepts the offer is called the acceptor.
The person who makes the offer is called the offeror and the person who accepts the offer is called the offeree.
The person who makes the offer is called the acceptor and the person who accepts the offer is called the offeror.
The person who makes the offer is called the offeree and the person who accepts the offer is called the offeror.
30s - Q9
What is invitation to treat?
Preliminary stage which one party merely invites interested parties to make an offer so that the other party can accept the offer, creating a binding contract.
A form of a unilateral offer to the world at large to create a sale and purchase agreement.
An invitation by the offeror to acceptor to create a legally binding contract.
An offer made by one person to another that when accepted creates a legally binding contract.
30s - Q10
In what circumstances do invitation to treat may not arise?
Auction.
When a party is making a unilateral offer.
Advertisement.
Display of Goods.
30s - Q11
Which of the below statement is correct?
Section 3 of Contract Act requires an offer to be communicated.
Section 4 of Contract Act states that a communication of offer is completed when it is posted via mail.
Section 3 of Contract Act does not require an offer to be communicated.
Section 4 of Contract Act states that a communication of offer is not mandatory in cases of invitation to treat.
30s - Q12
When is the communication of a proposal is complete?
When it comes to the knowledge of the person to whom it is made.
When it is posted via mail.
When it comes to the knowledge of the person who makes the proposal.
When it is accepted by the person to whom it is made.
30s - Q13
Which of the following is not the mode of revoking an offer?
Rejection of offer by the person who receives the offer.
Failure of acceptor to fulfill the condition precedent to acceptance.
Notice of revocation.
Lapse of time, if the offeror stipulates a specific time to accept the offer.
30s - Q14
What is a Counter-Offer?
An offer made in response to a previous offer by the other party during negotiations for a final contract.
A new offer that immediately binds the parties unless rejected.
An offer made at the counter or cashier of a shop.
An acceptance of the offer.
30s - Q15
Where can you find the definition of acceptance?
Section 2(b) of Contract Act
Section 2(c) of Contract Act
Section 2(a) of Contract Act
Section 2(h) of Contract Act
30s