Contract law worksheet with answers

In English law, "past consideration" is generally:

1. AGood consideration if it was valuable
2. BRequired for every contract
3. CNot good consideration
4. DGood consideration only between family members

In English law, revocation of an offer takes effect:

1. AOnly after a reasonable notice period
2. BWhen the letter of revocation is posted
3. CAs soon as the offeror privately decides
4. DWhen it is actually communicated to the offeree

An offer with no stated time limit lapses:

1. AAt midnight on the day it is made
2. BAfter a reasonable time
3. CAfter exactly seven days
4. DNever, unless revoked

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. BA contract accepted by conduct
3. CA void agreement for lack of certainty
4. DNo contract, because nothing was signed

Which of these will usually bar rescission for misrepresentation?

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

A sailor is to be paid only on completing a voyage, but dies part of the way. Under the strict rule applied in Cutter v Powell:

1. ANothing was recoverable for the part performed
2. BA proportion of the wages was payable
3. CThe ship owner had to pay compensation
4. DThe full wages were payable

A distribution agreement says it is not a formal or legal agreement and is "binding in honour only". In Rose and Frank v Crompton, the court held:

1. AThe agreement was binding despite those words
2. BThe agreement was void as illegal
3. CThe agreement itself was not legally binding
4. DThe agreement was a deed and binding

A contract states it can be varied only in signed writing. The parties later agree an oral variation. In MWB Business Exchange v Rock Advertising, the Supreme Court held:

1. AThe variation was effective as it had consideration
2. BThe oral variation was ineffective, because the clause was binding
3. CThe oral variation was effective, because parties can always vary orally
4. DThe clause was void as against public policy