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3-year LLB Contract Law — practice questions

Explore 28 free Contract Law questions in 3-year LLB Law. Open each question or exercise to read its content, reference answers and available explanation.

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Contract Law questions and exercises with answers

Showing questions 1–28 of 28.

Two parties reach an agreement that a court will enforce if it is broken. In law that agreement is a:Read the answer and worked solution →A tutor lists what an enforceable contract needs: offer and acceptance, genuine agreement, capacity, legality and:Read the answer and worked solution →Alongside consideration, contract law leans on a second principle that can bind a promise relied on to someone's cost. That principle is promissory:Read the answer and worked solution →A student asks who is generally treated as lacking capacity to contract. The listed groups are the mentally ill, the intoxicated and:Read the answer and worked solution →Where such a person does sign a contract, the law does not make it automatically dead. Instead the agreement is:Read the answer and worked solution →A buyer signs a deal after drinking heavily by choice. On voluntary intoxication, courts generally find that capacity was:Read the answer and worked solution →Two parties contract for something the law forbids. Enforceability requires the exchange of goods and services that are:Read the answer and worked solution →Because that requirement failed, one side walks away from the illegal deal. The relief available to either party is:Read the answer and worked solution →A supplier breaches a valid contract. The listed remedies are money damages, restitution, rescission, reformation and:Read the answer and worked solution →A court returns to the plaintiff the money she handed over before the deal collapsed. That remedy is:Read the answer and worked solution →Where a contract was formed by mistake, fraud, undue influence or duress, two remedies are offered: reformation and:Read the answer and worked solution →A claimant relies on promissory estoppel rather than a bargain. Damages measuring the profit she expected are:Read the answer and worked solution →A builder leaves minor work undone but the owner has received the bulk of what was promised. That situation is described as receiving:Read the answer and worked solution →The sales code defines a sale as a transaction involving the passing of what from seller to buyer for a price?Read the answer and worked solution →A dealer puts an offer in writing and states it cannot be revoked for three months. Under the code this is a:Read the answer and worked solution →Goods are sitting in a merchant's warehouse awaiting collection and are destroyed. Under the code, the risk of loss stays with the:Read the answer and worked solution →A seller promises in writing that a product is free from defects. That legally binding commitment is a:Read the answer and worked solution →If the product then fails to meet that promise, the contract typically provides a remedy such as repair or:Read the answer and worked solution →Parties may also fix in advance what a breach will cost, before it happens. Those pre-agreed sums are:Read the answer and worked solution →A contract requires more than a bare promise on each side. What each party must give, making the promise binding, is:Read the answer and worked solution →Catch the contract elementsRead the answer and worked solution →Pop the remediesRead the answer and worked solution →Run the contract gatesRead the answer and worked solution →Slice the contract wordsRead the answer and worked solution →Formation or breachRead the answer and worked solution →Sort the contract wordsRead the answer and worked solution →Type the numberRead the answer and worked solution →Contracts bingoRead the answer and worked solution →

Worked practice questions

Two parties reach an agreement that a court will enforce if it is broken. In law that agreement is a:

  1. Contract
  2. Complaint
  3. Compliment
  4. Committee
Show answer and solution

Correct answer: A. Contract

1. An agreement alone is only a promise between people. 2. What lifts it above a promise is that a court will enforce it. 3. An enforceable agreement between two or more parties is a contract. _Source: OpenStax Business Law I Essentials 2e, Chapters 7 and 8, Contract Law and Sales Contracts._

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A tutor lists what an enforceable contract needs: offer and acceptance, genuine agreement, capacity, legality and:

  1. Correlation
  2. Consideration
  3. Celebration
  4. Confirmation
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Correct answer: B. Consideration

1. Each side must give up something of value for the deal to bind. 2. Without that exchange the promise is one-sided and unenforceable. 3. The missing element is consideration. _Source: OpenStax Business Law I Essentials 2e, Chapters 7 and 8, Contract Law and Sales Contracts._

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Alongside consideration, contract law leans on a second principle that can bind a promise relied on to someone's cost. That principle is promissory:

  1. Estoppel
  2. Estimate
  3. Escrow
  4. Estate
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Correct answer: A. Estoppel

1. Someone acted on a promise and suffered by doing so. 2. The promisor is then stopped from denying the promise. 3. That doctrine is promissory estoppel. _Source: OpenStax Business Law I Essentials 2e, Chapters 7 and 8, Contract Law and Sales Contracts._

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LawLegal StudiesCivil and Criminal LiabilityTortsContract Law BasicsLaw Degree