Specific Contracts: Master the Nuances of Contract Law

Question 1

Which of the following is NOT a requirement for a valid sale of goods contract under the Sale of Goods Act 1979?

Accepted Answer

The contract must be in writing.

Answer

It must be for the transfer of ownership of goods.

Answer

The goods must be in existence and ready for delivery.

Answer

The goods must be for a price.

Question 2

Which of the following is NOT a characteristic of a hire-purchase contract?

Accepted Answer

The hirer pays the full price of the goods upfront.

Answer

The hirer has possession of the goods.

Answer

The hirer has an option to purchase the goods.

Answer

The owner retains ownership of the goods until the full price is paid.

Question 3

Which of the following is NOT a legal characteristic of a sale of goods contract?

Accepted Answer

Transfer of ownership of services

Answer

Transfer of ownership of goods

Answer

Payment of a price

Answer

Delivery of goods

Question 4

Under the Sale of Goods Act 1979, implied warranties of quality primarily protect:

Accepted Answer

Consumers only

Answer

Businesses only

Answer

All purchasers of goods

Answer

Certain categories of purchasers

Question 5

Which of the following employment contracts offers the greatest stability and security?

Accepted Answer

Permanent contract

Answer

Fixed-term contract

Answer

Zero-hours contract

Answer

Agency contract

Question 6

The parol evidence rule primarily aims to:

Accepted Answer

Prevent the introduction of extrinsic evidence that contradicts a written contract

Answer

Require all contracts to be in writing to be enforceable

Answer

Apply only to contracts for the sale of land

Answer

Be inapplicable in jurisdictions that follow common law principles

Question 7

An employment contract that has no fixed end date is known as a:

Accepted Answer

Indefinite-term contract

Answer

Fixed-term contract

Answer

Part-time contract

Answer

Zero-hours contract

Question 8

Which of the following is an essential element of a valid offer in contract law?

Accepted Answer

Clear communication of intent to be bound

Answer

Consideration

Answer

Acceptance

Answer

Capacity

Question 9

When a party to a contract has performed their obligations to a substantial extent, but not flawlessly, they may be entitled to:

Accepted Answer

Partial payment

Answer

Full payment

Answer

No payment

Answer

Damages

Question 10

A term in a contract that is so fundamental that it goes to the root of the agreement is known as a:

Accepted Answer

Material term

Answer

Essential term

Answer

Implied term

Answer

Collateral term

Question 11

Which of the following is NOT a method by which a contract can be discharged?

Accepted Answer

Bankruptcy

Answer

Performance

Answer

Agreement

Answer

Frustration

Question 12

When interpreting and enforcing specific contracts, courts employ both literal and purposive approaches. How do they balance these two methods?

Accepted Answer

Using a literal interpretation first, but considering the purpose if the literal meaning leads to an unreasonable outcome

Answer

Prioritizing the literal meaning over the contract's purpose

Answer

Relying solely on the stated purpose of the contract, regardless of its literal wording

Question 13

Which of the following is **NOT** a specific type of contract discussed in this educational unit?

Accepted Answer

Tort Law

Answer

Employment Contracts

Answer

Sales of Goods

Answer

Leases

Question 14

In a sales contract, the term "warranty" refers to:

Accepted Answer

A guarantee regarding the condition or quality of the goods.

Answer

The duration of the contract.

Answer

The agreed-upon price for the goods.

Question 15

Which of the following is considered a crucial term in an employment contract?

Accepted Answer

Remuneration (payment or salary).

Answer

Employee's political affiliation.

Answer

Employee's family status.

Answer

Employee's religion.

Question 16

If a party breaches a specific contract, what is the most common legal consequence?

Accepted Answer

The non-breaching party may be entitled to damages (compensation).

Answer

The breaching party may face imprisonment.

Answer

The breaching party may lose their right to vote.

Answer

The contract may be automatically terminated.

Question 17

Under the legal doctrine of frustration, a specific contract may be discharged (terminated) when:

Accepted Answer

Unforeseen circumstances make it impossible or illegal to perform the contract.

Answer

Both parties mutually agree to end the contract.

Answer

The contract expires due to the passage of time.

Answer

One party commits a material breach of the contract.

Question 18

What is a primary objective of studying specific contracts?

Accepted Answer

To gain a comprehensive understanding of the legal principles governing various types of contracts.

Answer

To avoid entering into contracts entirely.

Answer

To memorize all possible contract provisions.

Question 19

A key characteristic of a sale of goods contract is:

Accepted Answer

The transfer of ownership of goods from the seller to the buyer.

Answer

The provision of services.

Answer

The creation of a partnership.

Question 20

In a sales of goods contract, what is the primary distinction between an express warranty and an implied warranty?

Accepted Answer

An express warranty is created by a specific statement made by the seller, while an implied warranty is imposed by law.

Answer

An express warranty is binding if relied upon, while an implied warranty is not.

Question 21

Which of the following is a common type of employment contract?

Accepted Answer

Fixed-term contract (employment for a specific duration).

Answer

Sharecropping agreement (agricultural contract).

Answer

Lease agreement (rental contract).

Answer

Partnership agreement (business contract).

Question 22

The legal principle that emphasizes the binding nature of contracts, requiring parties to fulfill their agreed-upon obligations, is known as:

Accepted Answer

Sanctity of Contract (pacta sunt servanda).

Answer

Doctrine of Consideration (exchange of value).

Answer

Equitable Estoppel (prevention of injustice).

Answer

Frustration of Contract (discharge due to unforeseen events).