Revision for Contract Law

What is the main authority for Contract Law in Malaysia?

• Contract Act 1950

• Contract Act 1960

• Contract Act 1970

• Contract Act 1940

Who is offeror?

• Person who making an offer

• Person who receive the offer

• Person who dont do anything

In offer, the offer must be clear. What is the meaning of clear?

• Seller must know the product that he is going to sell

• Seller must inform the buyer about the offer

• Seller must use clear language in the offer

What is invitation to treat?

• Offer from seller to buyer

• Response from buyer to seller on the original offer

• Invitation from the seller to the buyer to buy the product

Can a person accept the offer by silence?

• Yes

• No

Chong offer to sell his bike to Raju for RM 200. Raju agree with the offer and inform Chia, Chong's friend that he accept the offer. Is there a contract between Chong and Raju?

• No

• Yes

• Not sure

Consideration is the .......... that both parties receive from the contract?

There are 3 types of consideration?

• Yes

• No

What are the 3 types of consideration?

• Past Consideration

• Executed Consideration

• Executing consideration

• Executory consideration

Ali is late to the class because his bike broke down. Lisa whom drive the car decided to help Ali and drive him to the University. Ali promise to buy dinner for Lisa later in the evening. What type of consideration involve in the contract?

• Executed

• Executory

• Past