Contract law worksheet with answers

A unilateral contract is one in which:

1. AThe terms are imposed by statute on one party
2. BOnly one party signs the written document, so only that party is bound by it
3. COne party promises something in return for the other performing an act
4. DOnly one party is allowed to terminate it

What is a breach of contract?

1. AFailing to perform a contractual obligation without a lawful excuse
2. BWithdrawing an offer before it is accepted, after promising to keep it open
3. CNegotiating a better price
4. DRefusing to sign a contract

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

1. AThree months of the breach
2. BTwelve years of the breach
3. COne year of the breach
4. DSix years of the breach

A court will imply a term in fact into a commercial contract only if:

1. AIt would be reasonable and fair to both parties, even if it is not necessary
2. BIt would benefit the weaker party
3. CIt is usual in contracts in other industries
4. DIt is necessary for business efficacy or so obvious it goes without saying

What is consideration in common law contracts?

1. ASomething of value given in exchange for a promise
2. BThe written form of a contract
3. CCareful thought before signing
4. DThe intention to create legal relations shown by both parties

A fishing company receives fewer licences than it needs and chooses to assign them to its other ships, not the chartered one. In Maritime National Fish v Ocean Trawlers the charter was:

1. AFrustrated by the government licensing decision
2. BSuspended until more licences were issued
3. CVoid, because licences were a condition precedent
4. DNot frustrated, because the problem was self-induced

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

In the Dutch Civil Code (BW), an offer that states a time limit for acceptance is:

1. AIrrevocable during that period
2. BAutomatically accepted at the end of the period
3. CRevocable at any moment before acceptance
4. DInvalid without notarial approval