Offer and Acceptance in Contract Law: Interactive Learning Quizzes

Question 1

When an offer is made subject to a condition, the offer:

Accepted Answer

Becomes conditional

Answer

Is automatically accepted

Answer

Is void

Answer

Cannot be revoked

Question 2

When an offeree makes a material alteration to the terms of an offer, it is known as a:

Accepted Answer

Counter-offer

Answer

Revocation

Answer

Acceptance

Answer

Rejection

Question 3

When an offer is terminated by the offeree's failure to accept within a reasonable time, it is known as:

Accepted Answer

Lapse

Answer

Rejection

Answer

Revocation

Answer

Counter-offer

Question 4

In the context of negotiations or legal proceedings, what is the significance of using 'without prejudice' in an offer?

Accepted Answer

It indicates that the offer is made without acknowledging liability or compromising the party's position.

Answer

It makes the offer legally binding and irrevocable.

Answer

It implies that the offer is contingent on specific conditions being fulfilled.

Answer

It prohibits the other party from accepting or declining the offer.

Question 5

When is an offer deemed to have been communicated?

Accepted Answer

When it reaches the offeree

Answer

When it is sent

Answer

When it is accepted

Answer

When it is acted upon

Question 6

What is the effect of a counter-offer on the original offer?

Accepted Answer

It terminates the original offer

Answer

It modifies the original offer

Answer

It merges with the original offer

Answer

It has no effect on the original offer

Question 7

When is an acceptance effective?

Accepted Answer

When it reaches the offeror

Answer

When it is sent

Answer

When it is acted upon

Answer

When it is communicated to the offeree

Question 8

What is the role of the postal rule in offer and acceptance?

Accepted Answer

It presumes acceptance to have occurred when the letter is posted

Answer

It presumes acceptance to have occurred when the letter is received

Answer

It is only applicable to offers made by post

Answer

It has been abolished in the UK

Question 9

What is the effect of a lapse of time on an offer?

Accepted Answer

It terminates the offer

Answer

It modifies the offer

Answer

It does not affect the offer

Answer

It creates a new offer

Question 10

Which type of acceptance demands strict adherence to the offer's conditions?

Accepted Answer

Explicit acceptance

Answer

Qualified acceptance

Answer

Counter-proposal

Answer

Implied acceptance

Question 11

What is the key distinction between an invitation to treat and a legal offer?

Accepted Answer

An invitation to treat is non-binding, while an offer is legally binding.

Answer

An offer cannot be subject to further negotiation, unlike an invitation to treat.

Answer

An invitation to treat is directed to a specific individual, unlike an offer.

Answer

Legally, there is no distinction between an invitation to treat and an offer.

Question 12

Which action exemplifies implied acceptance?

Accepted Answer

Payment for the agreed-upon goods or services

Answer

Formal written acceptance

Answer

Acceptance via telephone call

Answer

Verbal expression of acceptance

Question 13

Which element is not essential for a valid offer?

Accepted Answer

Acceptance

Answer

Seriousness

Answer

Communication

Answer

Certainty

Question 14

What is the significance of the "mirror image rule" in contract law?

Accepted Answer

The acceptance must exactly match the terms of the offer.

Answer

The acceptance can slightly deviate from the terms of the offer.

Answer

The acceptance can be made orally or in writing.

Answer

The offer can be revoked even after acceptance.

Question 15

What is the fundamental difference between unilateral and bilateral contracts?

Accepted Answer

Bilateral contracts require an exchange of promises, while unilateral contracts do not.

Answer

Unilateral contracts require consideration, while bilateral contracts do not.

Answer

Unilateral contracts are binding immediately, while bilateral contracts are not.

Answer

Bilateral contracts can be rescinded without cause, while unilateral contracts cannot.

Question 16

Under which circumstance will promissory estoppel be applied to enforce a promise against the promisor, despite the absence of consideration?

Accepted Answer

When the promisee justifiably relies on the promise, resulting in detriment.

Answer

When the promise is documented in writing.

Answer

When the promise is made to a close relative.

Answer

When the promisor has a legal obligation to make the promise.

Question 17

Describe the various methods by which an offer can be terminated.

Accepted Answer

Revocation, rejection, lapse of time, and death or incapacity of either party.

Answer

Revocation, rejection, and lapse of time only.

Answer

Revocation, rejection, and death of the offeror only.

Question 18

Explain the legal effect of a counteroffer. How does it differ from a mere inquiry or request for information?

Accepted Answer

A counteroffer rejects the original offer and proposes new terms, creating a new offer.

Answer

A counteroffer accepts the original offer with additional conditions.

Answer

A counteroffer modifies the original offer without rejecting it.

Question 19

Outline the essential requirements for a valid acceptance. Explain why these requirements are crucial in contract formation.

Accepted Answer

Acceptance must be unconditional, unqualified, and communicated to the offeror.

Answer

Acceptance must be unconditional and communicated to the offeror.

Answer

Acceptance can be conditional and communicated to the offeror.

Question 20

Describe the various methods through which acceptance can be effectively communicated to the offeror.

Accepted Answer

By post (unless the offer specifies otherwise), telephone, email/fax, or any conduct that clearly indicates acceptance.

Answer

By post or telephone only.

Answer

By email/fax or conduct that clearly indicates acceptance only.

Question 21

Explain the significance of the "mailbox rule" in contract formation. How does it impact the timing of contract formation?

Accepted Answer

The contract is formed when the acceptance is sent, even if it is not received by the offeror.

Answer

The contract is formed when the acceptance is received by the offeror.

Answer

The contract is formed when the offeror posts the acceptance.

Question 22

Define a "voidable" contract and explain the circumstances under which a party may have the right to rescind such a contract.

Accepted Answer

A voidable contract is one that can be set aside or canceled by one party due to a defect, such as misrepresentation, fraud, or undue influence.

Answer

A voidable contract is one that is impossible to perform.

Answer

A voidable contract is one that is illegal or contrary to public policy.