Contract law questions with correct answers.

Contract law questions with correct answers

What |are |the |three |elements |of |a |contract |- |CORRECT |ANSWER✔✔-1. |An |agreement |freely |
made |(offer |and |acceptance)

2. |An |intention |to |be |legally |binding

3. |Consideration



When |can |an |offer |be |withdrawn |by |the |offeror? |- |CORRECT |ANSWER✔✔-Anytime |prior |to |
acceptance |(revocation |of |offer)



Can |the |offeror |waive |the |right |to |be |communicated |regarding |the |acceptance |of |an |offer? |- |
CORRECT |ANSWER✔✔-Yes



What |does |the |postage |rule |state |regarding |time |of |acceptance |and |when |is |it |employed? |- |
CORRECT |ANSWER✔✔-The |offer |is |accepted |at |the |time |of |postage

Employed |as |a |default |mechanism



Can |the |offeror |impose |silence |as |a |means |of |acceptance |- |CORRECT |ANSWER✔✔-No |
(Felthouse |v |Bindley)



Are |advertisements |generally |regarded |as |offers? |- |CORRECT |ANSWER✔✔-No. |They |are |
generally |regarded |as |invitations |to |treat



Can |an |offer |than |has |previously |been |rejected |be |accepted |later |if |the |offeree |changes |his |
mind? |- |CORRECT |ANSWER✔✔-No