Question 1

The formation of an e-contract is identical to a conventional contract.

Accepted Answer

A) True 
 B)False  True

Question 2

To determine the validity of a contract,the intention of the parties must be considered.

Accepted Answer

A) True 
 B)False  False

Question 3

Catching a taxi is an example of this type of contract.

Accepted Answer

A) A Quasi-contract. 
B) An executed contract. 
C) An implied contract. 
D) An express contract. 
A) A Quasi-contract. 
B) An executed contract. 
C) An implied contract. 
D) An express contract. C

Question 4

How is a quasi-contract formed?

Accepted Answer

A quasi contract refers to a contract th

Question 5

A bilateral contract is:

Accepted Answer

A) an agreement creating mutual obligations. 
B) the most common form of contract. 
C) an exchange of promises. 
D) all of the above. 
A) an agreement creating mutual obligations. 
B) the most common form of contract. 
C) an exchange of promises. 
D) all of the above.

Question 6

Which of the following statements is correct in respect to the nature of a contract?

Accepted Answer

A) All agreements are legally enforceable contracts. 
B) Not all contracts are agreements. 
C) The terms 'contract' and 'agreement' mean the same thing. 
D) A contract is a type of agreement. 
A) All agreements are legally enforceable contracts. 
B) Not all contracts are agreements. 
C) The terms 'contract' and 'agreement' mean the same thing. 
D) A contract is a type of agreement.

Question 7

Which of the following statements is NOT correct in respect to determining when an agreement is a contract?

Accepted Answer

A) It is generally not necessary that a contract be in writing to be enforceable. 
B) The courts are not concerned with the intention of the parties as it is a private matter. 
C) Sometimes the law implies the existence of a valid contract. 
D) The parties in an agreement do not always intend to create legal relations. 
A) It is generally not necessary that a contract be in writing to be enforceable. 
B) The courts are not concerned with the intention of the parties as it is a private matter. 
C) Sometimes the law implies the existence of a valid contract. 
D) The parties in an agreement do not always intend to create legal relations.

Question 8

E-contracts are regulated by:

Accepted Answer

A) the common law. 
B) the Electronic Transactions Acts. 
C) the Australian Consumer Law. 
D) all of the above. 
A) the common law. 
B) the Electronic Transactions Acts. 
C) the Australian Consumer Law. 
D) all of the above.

Question 9

A formal contract derives its validity from its form alone and does not require consideration to be present.

Accepted Answer

A) True 
 B)False

Question 10

List and explain five things about your life which would be drastically different if the law of contract could not be used to enforce promises.

Accepted Answer

1. Employment contracts: Without the abi

Question 11

A 'happy hour' offering half price drinks between 6:00 and 7:00 every Friday is an example of a(n):

Accepted Answer

A) bilateral contract. 
B) express contract. 
C) implied contract. 
D) unilateral contract. 
A) bilateral contract. 
B) express contract. 
C) implied contract. 
D) unilateral contract.

Question 12

In the context of an e-contract,acceptance of an offer takes place:

Accepted Answer

A) when the offeree sends the message to the offeror. 
B) when the offeror sends the message to the offeree. 
C) when the offeror receives the message from the offeree. 
D) when the offeree receives the message from the offeror. 
A) when the offeree sends the message to the offeror. 
B) when the offeror sends the message to the offeree. 
C) when the offeror receives the message from the offeree. 
D) when the offeree receives the message from the offeror.

Question 13

When there is a unilateral contract,both parties are required to do something.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following conditions is NOT an essential requirement for all contracts?

Accepted Answer

A) The contract must be in written form. 
B) The parties must consent to the contract. 
C) The purpose of the contract must be legal. 
D) The parties must have capacity to contract. 
A) The contract must be in written form. 
B) The parties must consent to the contract. 
C) The purpose of the contract must be legal. 
D) The parties must have capacity to contract.

Question 15

The decision in Lee Road Pty Ltd v Catanzariti & Anor [2005] SADC 64 was that an exchange of faxes was sufficient to satisfy the requirement for written evidence of a contract.

Accepted Answer

A) True 
 B)False

Question 16

For the creation of an apparent simple contract,intention,agreement and consideration must be shown to be present.

Accepted Answer

A) True 
 B)False

Question 17

In contract law,the element of 'intention' requires:

Accepted Answer

A) something of value pass from one party to another in return for a promise to do something. 
B) an offer by one party and an acceptance by the other. 
C) the parties to intend that their promises create legally enforceable obligations. 
D) all of the above. 
A) something of value pass from one party to another in return for a promise to do something. 
B) an offer by one party and an acceptance by the other. 
C) the parties to intend that their promises create legally enforceable obligations. 
D) all of the above.

Question 18

Which of the following statements does NOT describe a 'simple contract'?

Accepted Answer

A) A contract created by written or oral words. 
B) A contract created by conduct or the actions of parties. 
C) A contract that requires a special form or method of creation. 
D) A contract that does not require a special form but must have consideration present. 
A) A contract created by written or oral words. 
B) A contract created by conduct or the actions of parties. 
C) A contract that requires a special form or method of creation. 
D) A contract that does not require a special form but must have consideration present.

Question 19

Which of the following contracts is NOT required to be wholly in writing?

Accepted Answer

A) A cheque. 
B) A promissory note. 
C) A contract of guarantee. 
D) A hire purchase agreement. 
A) A cheque. 
B) A promissory note. 
C) A contract of guarantee. 
D) A hire purchase agreement.

Question 20

The Australia Consumer Law has replaced the English common law as a source of law in Australia.

Accepted Answer

A) True 
 B)False

Exam 6: Introduction to Contracts

The formation of an e-contract is identical to a conventional contract.

To determine the validity of a contract,the intention of the parties must be considered.

Catching a taxi is an example of this type of contract.

How is a quasi-contract formed?

A bilateral contract is:

Which of the following statements is correct in respect to the nature of a contract?

Which of the following statements is NOT correct in respect to determining when an agreement is a contract?

E-contracts are regulated by:

A formal contract derives its validity from its form alone and does not require consideration to be present.

List and explain five things about your life which would be drastically different if the law of contract could not be used to enforce promises.

A 'happy hour' offering half price drinks between 6:00 and 7:00 every Friday is an example of a(n):

In the context of an e-contract,acceptance of an offer takes place:

When there is a unilateral contract,both parties are required to do something.

Which of the following conditions is NOT an essential requirement for all contracts?

The decision in Lee Road Pty Ltd v Catanzariti & Anor [2005] SADC 64 was that an exchange of faxes was sufficient to satisfy the requirement for written evidence of a contract.

For the creation of an apparent simple contract,intention,agreement and consideration must be shown to be present.

In contract law,the element of 'intention' requires:

Which of the following statements does NOT describe a 'simple contract'?

Which of the following contracts is NOT required to be wholly in writing?

The Australia Consumer Law has replaced the English common law as a source of law in Australia.

Legal Foundations

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: the Law of Torts and Negligence

Applications of Negligence to Business

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties,discharge and Remedies

Remedies in Contract

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Introduction to Companies and Incorporated Associations

Agency

Partnerships

Choosing a Business Entity

Other Business-Related Torts

Insurance

Sale of Goodsbusiness to Business

Property and Mortgages

Intellectual Property

Ethics and Business Practice

Criminal Law in a Business Context

Competition Law

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

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