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10 questions
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- 1. Open-ended3 minutes1 pt
What are the elements of a valid simple contract?
- 2. Open-ended3 minutes1 pt
Distinguish between an offer and an agreement. Give Two examples of each.
- 3. Open-ended3 minutes1 pt
When may an offer be revoked? Give a reason for your answer.
- 4. Open-ended3 minutes1 pt
Identify the rules governing consideration?
- 5. Open-ended3 minutes1 pt
What are 'necessaries'?
- 6. Open-ended3 minutes1 pt
Distinguish between a simple contract and a specialty contract?
- 7. Open-ended3 minutes1 pt
Distinguish between the following:
a) Common mistake
b) Mutual mistake
c) Unilateral mistake
- 8. Open-ended3 minutes1 pt
What may be the result of a counter offer?
- 9. Open-ended3 minutes1 pt
Discuss the difference between fraudulent misrepresentation and innocent misrepresentation?
- 10. Open-ended5 minutes1 pt
Explain the following terms:
a) Valid contracts
b) Void contracts
c) Voidable contracts
d) Illegal contracts
