Contract law worksheet with answers

Free printable Contract law worksheet: 8 problems from easy to exam level, with an answer key. Print it or save it as a PDF.

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Name: ____________________   Date: ____________

1.Easy

The duty to mitigate loss means that a claimant:

  1. AMust prove the breach was deliberate
  2. BMust sue within one month of the breach
  3. CCannot recover for losses they could reasonably have avoided
  4. DMust accept any offer made by the party in breach
2.Easy

Minors (under 18) entering contracts are generally:

  1. AProtected, so many of their contracts are not enforceable against them
  2. BNever able to make any contract
  3. CBound in exactly the same way as adults, unless their parents object in writing
  4. DLiable only if their parents sign too
3.Easy

When can an offer generally be withdrawn?

  1. ANever, once it has been made
  2. BOnly by a court
  3. CBefore it has been accepted
  4. DOnly after it has been accepted
4.Medium

A creditor agrees to take £600 in full settlement of a £1,000 debt that is due, then sues for the other £400. Under Pinnel's Case and Foakes v Beer, the creditor:

  1. ACan recover only if the agreement was oral
  2. BCan usually recover the £400
  3. CMust give back the £600 first
  4. DCannot recover anything more
5.Medium

Which of these will usually bar rescission for misrepresentation?

  1. AThe misrepresentation was made by a company
  2. BThe contract was made in writing
  3. CThe misrepresentation was innocent rather than fraudulent or negligent
  4. DThe innocent party affirms the contract after learning the truth
6.Medium

What is an exclusion clause?

  1. AA term that excludes third parties from the contract
  2. BA term that excludes a party from paying VAT
  3. CA term that limits or excludes one party's liability
  4. DA clause allowing termination at any time
7.Hard

Mutual mistake as to the existence of the subject matter (for example the goods no longer exist when contracting) usually makes the contract:

  1. AValid, with compensation set by the court
  2. BVoidable at either party's option
  3. CVoid
  4. DFully valid, with the buyer bearing the risk
8.Hard

An innocent party who terminates a contract for repudiatory breach must generally:

  1. APay a penalty to the party in breach
  2. BContinue performing until the contract ends naturally on its agreed date
  3. CClearly communicate the decision to accept the repudiation
  4. DWait for a court order before stopping performance

Answer key

  1. 1. C · Cannot recover for losses they could reasonably have avoided
  2. 2. A · Protected, so many of their contracts are not enforceable against them
  3. 3. C · Before it has been accepted
  4. 4. B · Can usually recover the £400
  5. 5. D · The innocent party affirms the contract after learning the truth
  6. 6. C · A term that limits or excludes one party's liability
  7. 7. C · Void
  8. 8. C · Clearly communicate the decision to accept the repudiation

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