360 Practice question bank
Question 6
Which of the following is an example of a standard form contract?
A A contract between a mobile phone company and a private individual
B A contract of employment between a private individual and a small local shop
C A verbal agreement between two private individuals
D A contract for the sale of a house between two private individuals (2 marks)Question 7
In the law of contract, which of the following would be regarded as valid, binding acceptance?
A A tender to perform one task
B Posting a letter of acceptance
C A counter-offer
D Acceptance 'subject to contract' (2 marks)Question 8
Which of the following statements regarding the adequacy and sufficiency of consideration is correct?
A Consideration does not need to be sufficient but must be adequate
B Consideration does not need to have a value to be sufficient
C Consideration is sufficient if it has an identifiable value (1 mark)Question 9
Which of the following statements regarding consideration is correct?
A Consideration can be in the form of any act, even if that act is impossible to perform
B Performance of an illegal act is valid consideration
C Past consideration is sufficient to create liability on a bill of exchange
D Suffering some loss or detriment is not valid consideration (2 marks)Question 10
Which of the following statements concerning the incorporation of terms into contracts is correct?
A A history of consistent dealings between the parties is not sufficient to incorporate terms into a
contract
B Particularly unusual or onerous terms in a contract must be sufficiently highlighted
C A person is not bound by a contract they have signed if they have not read it (1 mark)