2957425
Description
Quiz by Sharon Yates, updated more than 1 year ago
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Created by Sharon Yates
almost 9 years ago
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Question 1
Question
What are the 3 main elements that must exist for a contract to be valid?
Answer
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Offer, acceptance and value
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Offer, acceptance and valid terms
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Agreement, acceptance and value
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Agreement, value & intention to create legal relations
Question 2
Question
Alan sees an advert for a car costing £3,000. He answers saying he would like to buy the car. He is told it was a printing error and the advert should have read £5,000. Can he insist on buying the car for £3,000? Explain
Answer
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Yes
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No
Question 3
Question
A business sends out a quotation to a customer for goods at a cost of £15,000. The customer replies he would like to accept the quotation but requires delivery the next day. Does the business have to provide the goods for £15,000?
Answer
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Yes
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No
Question 4
Question
What is a condition in a contract?
Answer
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A fundamental term of a contract
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A term expressly stated in the contract
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A term not expressly stated in the contract
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A term in the contract which is of lesser importance
Question 5
Question
One of the remedies for breach of contract is 'Quantum meruit'. What type of remedy is it?
Answer
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Compensation for loss
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Payment for part of the contract performed
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Recovery of agreed price
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Refusal to carry on with contract
Question 6
Question
What is a garnishee order?
Answer
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Amount owing paid by customers' employer
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Seizure of assets
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Payment by a 3rd party
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Regular payments to court
Question 7
Question
Ashley goes to a shop and picks up a newspaper. He goes to the cash till to pay for it. What element of a contract is this?
Answer
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Invitation to treat
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Consideration
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Offer
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Acceptance
Question 8
Question
Barry is ordering a takeaway of the telephone, and says he will pay when he picks it up. Which of the following constitutes consideration?
Answer
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Placing the order
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Paying for the order
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Saying he will pay for the order
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Picking up the order
Question 9
Question
You are shopping in a supermarket, when is a contract formed?
Answer
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When you put goods into the trolly
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When you take items off the shelf
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When the checkout assistant takes your goods
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When you pay for the goods
Question 10
Question
A void contract is a contract that:
Answer
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Is valid
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Can be enforced by law
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Can be nullified
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Cannot be enforced by law
Question 11
Question
There are a variety of possible remedies for breach of contract. Which is most appropriate for a seller of goods if the buyer has not paid?
Answer
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Monetary damages
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Action for the price
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Specific performance
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Injunction
Question 12
Question
under the Data Protection Act how many principles are there?
Answer
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5
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8
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10
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12
Question 13
Question
What is meant under the Sale of Goods Act if goods are "fit for purpose"
Answer
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Fully functioning
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They are what they are described to be
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They are of satisfactory quality
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They do what they are expected to do
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