Quiz 2 IB1601 - T Quang Phú - HS153104
Quiz 2 IB1601 - T Quang Phú - HS153104
Quiz 2 IB1601 - T Quang Phú - HS153104
Rollnumber: HS153104
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7. ………………consists of obligations arising from a mutual agreement and
intent to promise where the agreement and promise have not been expressed in
words
A. A written contract
B. An implied contract
C. An express contract
8. ……………is one of the requirements of a valid offer.
A. Offer must be seriously intended
B. Offer need not be communicated to the offeree
C. Offer must be indefinite
9. …………must be judicially declared insane.
A. Intoxicated persons
B. Crimes
C. Mentally incompetent people
10. A revocation of an offer must be communicated to the offeree …………….
…
A. after the acceptance.
B. prior to the acceptance.
C. at the same time of the acceptance.
11. ……………... is the termination of a contract and substitution of a new one
with the same terms but with a new party.
A. Assignment
B. Delegation
C. Novation
12..……………….is a formal agreement between two people or groups that
both promise to do something for each other.
A. A unilateral contract
B. A bilateral contract
C. An oral contract
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13. ……………. obligate two or more people together toward performance.
A. Joint and several contracts
B. Joint contracts
C. Several contracts
14. ……………is not the termination of contracts.
A. Voluntary agreement of the parties
B. Acceptance of a breach of contract
C. Possibility of performance
15. Which statement is correct?
A. A void contract is the same as an unenforceable contract
B. A void contract is an agreement with no legal effect.
C. A void contract is enforceable in court.
16. ………….. is considered as unilateral contract.
A. Sale and purchase contract
B. Employment contract
C. Reward contract
17. Which is not considered as impossibility of performance that leads to
termination of contracts?
A. New laws making the contract legal
B. Destruction of the subject matter
C. Force majeure
18. ………….. is considered as bilateral contract.
A. Contract for gifts of property
B. Transport contract
C. Reward contract
19. Offer is not terminated by…………….
A. Lapse of time specified
B. Rejection of the offer by the offeree
C. The performance of the contract is legal
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20. ……………. is a formal agreement where everything stated in the
agreement has been done by the people involved
A. An executed contract
B. A void contract
C. An executory contract
The end