Contract Law

1.

1 point

True or False
A contract is a legally binding agreement between two or more parties.

True

False

2.

1 point

How many elements to a valid contract are there?

3

4

7

3.

1 point

How many ways are there to terminate a contract?

3

4

7

4.

1 point

How many remedies are there to breach of contract?

3

4

7

5.

1 point

John owns a fleet of taxis. He puts an advert in the newspaper asking for garages to tender for the contract of servicing his taxis. This is ..

Offer

Acceptance

Consideration

Invitation to treat

6.

1 point

A condition in a contract is

The same as a warranty

important enough that if the condition is broken then the contract is broken.

not very important.

Something that can be broken without breaking the contract.

7.

1 point

Murphys Garages offer to service the cars for €300 per car per year. This is..

Offer

Acceptance

Consideration

Invitation to treat

8.

1 point

capacity to contract means?

To be able in the eyes of the law to enter into a legally binding agreement.

To enter into a contract of your own free will.

A contract must be in the correct format for that contract.

You must have planned to enter into a legally binding agreement.

9.

1 point

Intention to contract means

To be able in the eyes of the law to enter into a legally binding agreement.

To enter into a contract of your own free will.

A contract must be in the correct format for that contract.

You must have planned to enter into a legally binding agreement.

10.

1 point

Legality of form means

To be able in the eyes of the law to enter into a legally binding agreement.

To enter into a contract of your own free will.

A contract must be in the correct format for that contract.

You must have planned to enter into a legally binding agreement.

11.

1 point

Consent to contract means

To be able in the eyes of the law to enter into a legally binding agreement.

To enter into a contract of your own free will.

A contract must be in the correct format for that contract.

You must have planned to enter into a legally binding agreement.

12.

1 point

When something of value changes hands it is called

compensation

consideration

Contractual reward

Collaboration

13.

1 point

When both parties complete there side of the contract it is terminated by

performance

Agreement

Frustration

Breach

14.

1 point

When both parties decide that it is better for both of them that the contract shouldn't go ahead it is terminated by

performance

Agreement

Frustration

Breach

15.

1 point

When it is impossible to go ahead with the contract e.g the subject of the contract no longer exists or a party to the business dies, the contract is terminated by

performance

Agreement

Frustration

Breach

16.

1 point

When one party refuses to go through with their side of the contract it is terminated by

performance

Agreement

Frustration

Breach of contract.

17.

1 point

A remedy is

A condition of a contract

A party to contract

A method of terminating a contract

A method of resolving something

18.

1 point

Specific performance is a remedy to breach of contract whereby

The judge cancels the contract

The judge orders the party in breach to carry out their side of the contract

The judge makes the party who is in breach to pay money to the injured party.

19.

1 point

Compensation is the remedy to breach whereby

The judge cancels the contract

The judge orders the party in breach to carry out their side of the contract

The judge makes the party who is in breach to pay money to the injured party.

20.

1 point

To rescind the contract is a remedy whereby

The judge cancels the contract

The judge orders the party in breach to carry out their side of the contract

The judge makes the party who is in breach to pay money to the injured party.