Contract law worksheet with answers

When can an offer generally be withdrawn?

1. AOnly after it has been accepted
2. BNever, once it has been made
3. CBefore it has been accepted
4. DOnly by a court

In English law, "past consideration" is generally:

1. AGood consideration only between family members
2. BNot good consideration
3. CGood consideration if it was valuable
4. DRequired for every contract

Which elements are generally needed to form a contract?

1. AAn offer and an acceptance, with the intention to be legally bound
2. BA written document signed by both parties and certified by a notary
3. CA payment made in advance
4. DA witness for each party

An acceptance is sent by telex and arrives in the offeror's office during working hours. Under Entores v Miles Far East, acceptance takes effect:

1. AWhen it is confirmed by post
2. BWhen the offeror reads it a week later
3. CWhen it is sent by the offeree
4. DWhen it is received by the offeror

A misrepresentation is:

1. AA false statement of fact that induces someone to enter a contract
2. BA promise about future behaviour that is not kept, even if honestly made
3. CSilence about any fact at all
4. DAn opinion that turns out to be wrong

A decorator finishes the work but with minor defects that are cheap to fix. Under Hoenig v Isaacs, the decorator is entitled to:

1. AThe price less the cost of putting the defects right
2. BThe full price with no deduction
3. CNothing, because performance was not exact
4. DOnly payment for the materials used

An act done before a promise was made can still be good consideration if:

1. AIt was requested, payment was understood, and the promise would otherwise be enforceable
2. BIt was valuable to the promisor when it was done
3. CThe act was done within one year before the promise and was of some value to the promisor
4. DThe later promise was made in writing

In English law, a presumption of undue influence typically arises when:

1. AThere is a relationship of trust and confidence and a transaction that calls for explanation
2. BAny contract is made between members of a family
3. CThe price agreed is substantially lower than the market price, whatever the relationship of the parties
4. DAny customer signs a contract with a bank