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The document contains 15 multiple choice questions testing knowledge of key concepts in contract law. It addresses principles of classical contract law like freedom of contract; characteristics of the classical contract theory; what forms part of the law of obligations; the jurisdiction most influential in developing English contract law; the meaning of freedom of contract; definitions of a contract; factors determining whether an agreement constitutes a valid contract; remedies for contracts made under duress; characteristics of an oral contract for services; enforceability of contracts offering payment for illegal acts; what constitutes an invitation to treat rather than a valid offer; consequences of contracts contrary to public policy; effect of errors in material facts on a contract; presumptions made regarding a party's capacity to enter a contract;
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The document contains 15 multiple choice questions testing knowledge of key concepts in contract law. It addresses principles of classical contract law like freedom of contract; characteristics of the classical contract theory; what forms part of the law of obligations; the jurisdiction most influential in developing English contract law; the meaning of freedom of contract; definitions of a contract; factors determining whether an agreement constitutes a valid contract; remedies for contracts made under duress; characteristics of an oral contract for services; enforceability of contracts offering payment for illegal acts; what constitutes an invitation to treat rather than a valid offer; consequences of contracts contrary to public policy; effect of errors in material facts on a contract; presumptions made regarding a party's capacity to enter a contract;
The document contains 15 multiple choice questions testing knowledge of key concepts in contract law. It addresses principles of classical contract law like freedom of contract; characteristics of the classical contract theory; what forms part of the law of obligations; the jurisdiction most influential in developing English contract law; the meaning of freedom of contract; definitions of a contract; factors determining whether an agreement constitutes a valid contract; remedies for contracts made under duress; characteristics of an oral contract for services; enforceability of contracts offering payment for illegal acts; what constitutes an invitation to treat rather than a valid offer; consequences of contracts contrary to public policy; effect of errors in material facts on a contract; presumptions made regarding a party's capacity to enter a contract;
contract? A)Freedom of information B)Freedom of Contract C)Freedom from oppression D) Consumer protection 2) Which of the following characteristics did not form part of the classical theory of contract? A)Exchange of promises B)Freedom of contract C)Executory nature of contracts D)Fairness 3.Which of the following does not form part of the law of obligations? A)Contract B)Tort C)Restitution D)Judicial Review 4. Which of the following jurisdiction is most important in influencing the development of the English law of contract? A)EU B)USA C)Commonwealth D)France 5.What is meant by ‘Freedom of Contract’? A)That parties can ignore the courts B)That parties are free to determine the content of their agreements C)That the courts have freedom to alter agreements D)That contract law is essential to democracy 6. A contract is --- A)a promise to do something in the future; B)an agreement between two or more persons to exchange something of value; C)an agreement to pay another person money; D)an obligation to pay another person's legal debts. 7. State whether there is any contract in the following cases – A) A engages B for a certain work and promises to pay such remuneration as shall be fixed by C. B does the work; B) A and B promise to marry each other; C) A takes a seat in a public vehicle; D) A invites B to a card party. B accepts the invitation. 8. A forced B to enter into a contract at the point of pistol. What remedy is available to B. If he does not want to be bound by the contract? A) He should be bound by the obligation; B) He can repudiate the contract; C) He can lodge a complaint in police-station; D) None of the above. 9. C orally offered to pay A, an auto mechanic, Rs.50 for testing a used car which C was about to purchase from D. A agreed and tested the car. C paid A Rs.50 in cash for his services. Hence, the the agreement between C and A is--- A) Express ; B) Executed; C) Valid; D) All of the above. 10. A promises to pay B Rs.5,000 if he beats C. B beats C, but A refused to pay. Can B recover the promised amount? A) Yes, because it is a valid contract; B) Yes, because it is a voidable contract; C) No, because it is illegal contract; D) No, because it is unenforceable contract. 11.When is an offer not an offer but an invitation to treat? A) when it has been accepted; B) when it is sent in the post; C) when it is made to the world at large; D) when it is non-specific such as a display of goods in a shop. 12. what happens to a contract which is contrary to public policy? A) It is illegal and both parties are criminally liable; B) it is voidable and one party may withdraw; C) it is void and parties revert to their original positions; D) It is frustrated by one of the parties. 13. If the material facts surrounding a contract are in error, the agreement leads to - -- A) Void agreement; B) Void contract; C) Voidable contract; D) Illegal contract. 14. The law presumes that anyone entering a contract has --- A)nothing better to do; B)legally surrendered negotiation; C)the legal capacity to do so; D)something to gain or receive. 15. A contract may be defined as -- A). A non-binding promise to act. B). A promise or agreement that may be enforced in court. C). An agreement that always involves non- family members. D). An agreement that always involves people over the age of 21.