Contract Law Quiz 2

Quiz
•
Other
•
University
•
Hard
Albert Einstein
Used 2+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a void contract?
A. A legally binding contract
B. A contract that becomes impossible
C. An unenforceable contract
D. A contract with a minor
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is required for a contract to be enforceable?
A. Just an agreement
B. Only an offer
C. Offer, acceptance, consideration, and intention
D. Acceptance and consideration only
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which section defines an offer in the Contracts Act 1950?
A. Section 1(a)
B. Section 2(a)
C. Section 3(b)
D. Section 4(c)
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is necessary for an offer to be valid?
A. Silence by offeree
B. Communication to the offeree
C. Partial communication
D. Acceptance without knowledge
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens when an offer is revoked before acceptance?
A. The offer is terminated
B. The contract is void
C. The offer becomes voidable
D. The offer is still valid
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What constitutes consideration under Section 2(d) of the Contracts Act 1950?
Any promise made
Any act done at promisor's desire
A future promise
A past promise only
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does 'executed consideration' refer to?
Something to be done in the future, after the contract is made
Something done at the moment of contract
Nothing of value
Something done in the past, before the contract is made
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