1.Easy
An offer with no stated time limit lapses:
- AAfter a reasonable time
- BAfter exactly seven days
- CAt midnight on the day it is made
- DNever, unless revoked
2.Easy
Which equitable remedy corrects a written contract so it records what the parties actually agreed?
- ARectification
- BRescission
- CSpecific performance
- DQuantum meruit
3.Easy
In England and Wales, a contract for the sale of land must be:
- AApproved by a court and registered with HM Land Registry before it is made
- BIn writing, containing all agreed terms, and signed by both parties
- CMade only through an estate agent
- DMade orally in front of two witnesses
4.Medium
In English law, the "postal rule" means an acceptance sent by post takes effect:
- AWhen the offeror replies
- BWhen the letter is posted
- CWhen the letter arrives
- DWhen the letter is read
5.Medium
Promissory estoppel can prevent a party from:
- AEntering into future contracts
- BMaking any new promises
- CSuing for any breach at all, including breaches entirely unrelated to the promise that it made
- DGoing back on a promise not to enforce strict legal rights, when the other relied on it
6.Medium
A contract made under duress may be:
- ATurned into a criminal offence only
- BEnforced against the pressured party in every case
- CAutomatically valid with no remedy
- DAvoided (set aside) by the pressured party
7.Hard
Asked to "telegraph lowest cash price" for a property, the owner replies "Lowest price £900". The enquirer then telegraphs that he accepts. In Harvey v Facey:
- AThere was a contract at a reasonable price
- BThere was no contract, because stating a lowest price was not an offer
- CThe reply was a counter-offer, which the enquirer's telegram then accepted
- DThere was a contract at £900
8.Hard
A client repudiates an advertising contract the same day it is made. The agency ignores this, displays the adverts for the full period and sues for the price. In White and Carter v McGregor:
- AThe agency had to obtain a court order first
- BThe agency could recover the full price
- CThe agency could only claim damages after mitigating
- DThe agency could recover nothing
Answer key
- 1. A · After a reasonable time
- 2. A · Rectification
- 3. B · In writing, containing all agreed terms, and signed by both parties
- 4. B · When the letter is posted
- 5. D · Going back on a promise not to enforce strict legal rights, when the other relied on it
- 6. D · Avoided (set aside) by the pressured party
- 7. B · There was no contract, because stating a lowest price was not an offer
- 8. B · The agency could recover the full price
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