- Question 1 1 Mark The Offer Does Not Remain Valid Forever There Are Several Ways In Which An Offer May Come To An End 1 (118.37 KiB) Viewed 13 times
QUESTION 1 (1 mark) The offer does not remain valid forever. There are several ways in which an offer may come to an end. The followings are the causes of termination of offer EXCEPT: A. Lapses of Time B. Death/Mental Disorder C. Breach of Contract D. Counter-Offer QUESTION 2 (1 mark) Which of the following is one of the requirements of a valid offer? A. An offer must be communicated B. An offer must be express in writing C. An offer must mention a time limit for its acceptance D. An offer must be made to a specific person and not randomly to the public at large QUESTION 3 (1 mark) The following are instantaneous means of communicating methods of acceptance EXCEPT: A. Face to face B. Telephone conversations C. Internet D. Letters QUESTION 4 (1 mark) A man saw a boy is drawning in the lake and asking for help. He then jumped to the lake and able to rescue the boy and bring him to a safe place. He met the parent of the boy and asking for a sum of money as a consideration for his act of saving their son's life. Based on the facts above, decide the best principles of consideration suit to that paticluar situation: A. Performance of existing contractual duty owed to the promisor B. Moral obligation is not a valid consideration C. Performance of existing public duty D. Performance of existing duty imposed by third party QUESTION 5 (1 mark) Farhan promised Ally to renovate Ally's house and Farhan promised to pay as soon as Farhan finished the renovation works. Ally's promise (to pay) is the consideration to Farhan's promise (to do the renovation). The aboce stateman is referring to: A. Executory Consideration B. Executed Consideration C. Past Consideration D. Executive Consideration QUESTION 6 (1 mark) An agreement without consideration or with unlawful consideration is void. The followings are meant by unlawful EXCEPT: A. It is forbidden law B. It is of such nature that, if allowed, it would frustrate any law C. It involves undue influence D. It is immoral or contrary to public policy QUESTION 7 (1 mark) FBS10103/FPP/SEMESTER II SESI 2021/2022 Karuppan Chetty cv Suah Thian "The court in this case held that the agreement of the parties in a contract for lease of land for $35 a month for "so long as the lessee pleases" is a void contract for lack odf certainty of terms." Based on the decided case above, find the most accurate statement regarding this element of a valid contract contract: A. The definition of this kind of element of contract defined under Section 30 of Contract Acr 1950 B. Where the terms of an agreeement are not certain, the contract still considered as valid C. The contract in decided case above was held as void due to value of rent D. An agreement which is uncertain or is not capable of being made certain is voidable QUESTION 8 (1 mark) Which contract is void? A. A contract caused by misrepresentation B. A contract caused by undue influence C. A contract caused by coercion D. A contract caused by mistake of both parties as regards to the subject matter of the contract QUESTION 9 (1 mark) There are a few exceptions to the general rule of capacity to contract as provided under law as follows EXCEPT: A. Marriage contract B. Insurance contract C. Scholarship agreement D. Contract for service or permanent job