Contract law worksheet with answers

Which equitable remedy corrects a written contract so it records what the parties actually agreed?

1. ARescission
2. BQuantum meruit
3. CRectification
4. DSpecific performance

In English law, "past consideration" is generally:

1. ARequired for every contract
2. BGood consideration only between family members
3. CGood consideration if it was valuable
4. DNot good consideration

In England and Wales, a claim for breach of a simple (non-deed) contract must usually be brought within:

1. ASix years of the breach
2. BOne year of the breach
3. CThree months of the breach
4. DTwelve years of the breach

Damages for breach of contract are generally meant to:

1. APunish the party in breach
2. BPut the innocent party in the position as if the contract had been performed
3. CReturn both parties only to the position they were in before the contract was made
4. DGive the innocent party a profit beyond their loss

A supplier receives a draft agreement, never signs or returns it, but both sides trade on its terms for years. A court is likely to find:

1. AA contract only for the first delivery
2. BNo contract, because nothing was signed
3. CA void agreement for lack of certainty
4. DA contract accepted by conduct

A buyer is told false figures about a business and is offered documents that would reveal the truth, but does not read them. Under Redgrave v Hurd:

1. AThe misrepresentation becomes a term
2. BThe buyer can still rely on the misrepresentation
3. CThe buyer loses all remedies by failing to check
4. DThe buyer can claim only half the loss

A seller mistakenly offers hare skins at a price per pound instead of per piece. The buyer knew that prices were always quoted per piece. In Hartog v Colin and Shields:

1. AThere was no contract, as the buyer knew of the mistake
2. BThe court rewrote the price to per piece
3. CThere was a binding contract at the stated price
4. DThe contract was voidable at the buyer's option

A flat is hired for two days to watch a coronation procession, which is cancelled because the King is ill. The contract does not mention the procession. In Krell v Henry:

1. AThe hirer had to pay as the risk was his
2. BThe contract was not frustrated, because the flat was still available
3. CThe contract was void for common mistake
4. DThe contract was frustrated, because the procession was its foundation