mcq

Question 1

Complete the following sentence: ‘Consideration must be …’:

a. considerable
b. sufficient
c. energetic
d. adequate

Answer 1

b. sufficient

Question 2

Complete the following sentence: ‘Consideration must not be…’:

a. in the past
b. in the future
c. in the present

Answer 2

a. in the past

Question 3

Which of the following is not a source of implied terms?

a. Courts
b. Statute
c. Custom
d. Written contracts

Answer 3

d. Written contracts

Question 4

An innominate term is one which, if breached by one party, will always allow the other party to terminate the contract.

a. True
b. False

Answer 4

b. False

Question 5

The test of incorporation is split into 2 further factors. Can you pick them out in the list below?

(1) Timing.
(2) Sufficiency of notice.
(3) The bargaining powers of the parties.
(4) Whether the clause is termed as a condition or a warranty.

Which two are correct?
a. (1) and (2)
b. (2) and (4)
c. (3) and (4)
d. (1) and (3)

Answer 5

a. (1) and (2)