100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS

100 MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS OF CONTRACT

Which of the following is essential for a valid contract?
A) Offer and acceptance
B) Consideration
C) Legal capacity
D) All of the above
Answer: D) All of the above

An offer must be communicated to:
A) A specific person
B) A group of people
C) The public
D) All of the above
Answer: A) A specific person

A contract entered into under coercion is:
A) Valid
B) Voidable
C) Void
D) Unenforceable
Answer: B) Voidable

Which of the following contracts must be in writing to be enforceable?
A) Sale of goods over $500
B) Sale of real estate
C) Contracts that cannot be performed within one year
D) All of the above
Answer: D) All of the above

An agreement made without consideration is:
A) Valid
B) Void
C) Voidable
D) Unenforceable
Answer: D) Unenforceable

When can an offer be revoked?
A) Anytime before acceptance
B) After acceptance
C) Within 24 hours of offer
D) None of the above
Answer: A) Anytime before acceptance

Which of the following is not an element of a contract?
A) Intention to create legal relations
B) Meeting of the minds
C) Offeror’s age
D) Lawful object
Answer: C) Offeror’s age

What is the minimum age requirement for a person to enter into a contract?
A) 16
B) 18
C) 21
D) 25
Answer: B) 18

An offer lapses when:
A) It is rejected by the offeree
B) It is revoked by the offeror
C) The offeree dies before acceptance
D) All of the above
Answer: D) All of the above

A contract that is valid but cannot be enforced by law is:
A) Void
B) Voidable
C) Unenforceable
D) Illegal
Answer: C) Unenforceable

Which of the following is NOT a valid consideration in a contract?
A) Money
B) Love and affection
C) Services rendered
D) Property
Answer: B) Love and affection

A contract made by a minor is generally:
A) Void
B) Voidable
C) Enforceable
D) Unenforceable
Answer: B) Voidable

Which of the following is an example of an offer that cannot be revoked?
A) An offer made in jest
B) An offer made by a minor
C) An offer made by email
D) An offer made for a unilateral contract
Answer: D) An offer made for a unilateral contract

An agreement made under a mistake of fact is:
A) Void
B) Voidable
C) Unenforceable
D) Valid
Answer: B) Voidable

Which of the following is an example of an invitation to treat?
A) An advertisement for the sale of goods
B) A price list in a shop window
C) A display of goods in a self-service store
D) All of the above
Answer: D) All of the above

In a contract, silence can be considered as:
A) Acceptance
B) Rejection
C) Consideration
D) Revocation
Answer: A) Acceptance

Which of the following is an example of a void contract?
A) A contract made with a minor
B) A contract made under duress
C) A contract with illegal subject matter
D) A contract lacking consideration
Answer: C) A contract with illegal subject matter

Which of the following is an essential element for a contract to be considered valid?
A) Written documentation
B) Agreement by all parties
C) Notarization by a legal authority
D) Registration with the government
Answer: B) Agreement by all parties

An agreement made with a person of unsound mind is generally:
A) Void
B) Voidable
C) Enforceable
D) Unenforceable
Answer: B) Voidable

What term is used to describe an agreement where both parties make promises to each other?
A) Unilateral contract
B) Bilateral contract
C) Express contract
D) Implied contract
Answer: B) Bilateral contract

When does a counter-offer terminate the original offer?
A) Immediately upon its proposal
B) When it is accepted by the offeree
C) When it is rejected by the offeror
D) When it is communicated to the offeree
Answer: D) When it is communicated to the offeree

Which of the following is a valid example of a contract that must be in writing?
A) An agreement between friends to go for a movie
B) A lease agreement for an apartment for six months
C) A promise to donate money to a charity
D) A verbal agreement to mow someone’s lawn
Answer: B) A lease agreement for an apartment for six months

What type of contract involves a promise in exchange for an act?
A) Unilateral contract
B) Bilateral contract
C) Express contract
D) Implied contract
Answer: A) Unilateral contract

Which of the following would make a contract illegal?
A) Lack of consideration
B) Fraudulent misrepresentation
C) Violation of public policy
D) Unilateral nature of the contract
Answer: C) Violation of public policy

A contract becomes void due to impossibility of performance when:
A) One party lacks the capacity to fulfill their obligations
B) The contract is illegal from the beginning
C) The subject matter becomes impossible to perform
D) The contract is not in writing as required by law
Answer: C) The subject matter becomes impossible to perform

Which of the following is an example of a quasi-contract?
A) A lease agreement
B) A contract made by a minor
C) An implied contract to pay for services rendered
D) A contract without consideration
Answer: C) An implied contract to pay for services rendered

The doctrine of privity of contract means that:
A) Only parties to a contract can enforce its terms
B) A contract can be enforced by anyone
C) A contract is void unless witnessed by a third party
D) A contract can be modified by a third party
Answer: A) Only parties to a contract can enforce its terms

Which of the following is not an essential element of a valid contract?
A) Offer and acceptance
B) Consideration
C) Legal capacity of both parties
D) Written documentation
Answer: D) Written documentation

What is a void contract?
A) A contract that is enforceable by law
B) A contract with illegal subject matter
C) A contract lacking consideration
D) A contract made by a minor
Answer: B) A contract with illegal subject matter

What is a contract implied by the law, regardless of whether it’s written or expressed orally?
A) Implied contract
B) Express contract
C) Quasi-contract
D) Unilateral contract
Answer: C) Quasi-contract

A contract is discharged when:
A) The offer is made
B) Both parties have fulfilled their obligations
C) The consideration is exchanged
D) The contract is signed
Answer: B) Both parties have fulfilled their obligations

What is the legal principle that states a person cannot accept an offer they are not aware of?
A) Consideration
B) Invitation to treat
C) Acceptance by silence
D) Communication of offer
Answer: D) Communication of offer

Which of the following is not a valid method of terminating an offer?
A) Acceptance by the offeree
B) Rejection by the offeror
C) Revocation by the offeree
D) Lapse of time
Answer: C) Revocation by the offeree

In contract law, what does “capacity” refer to?
A) The physical ability to perform contractual obligations
B) The mental capability to understand the terms of the contract
C) The legal power to enter into a contract
D) The financial resources required to fulfill a contract
Answer: C) The legal power to enter into a contract

Which type of contract involves a promise for an act?
A) Bilateral contract
B) Unilateral contract
C) Express contract
D) Voidable contract
Answer: B) Unilateral contract

What is the term for a contract that is valid and enforceable but lacks a legal obligation?
A) Void contract
B) Voidable contract
C) Unenforceable contract
D) Valid contract
Answer: C) Unenforceable contract

Which of the following is an example of an offer that cannot be revoked?
A) An offer made in jest
B) An offer made to a minor
C) An offer made in writing
D) An offer made in a private conversation
Answer: C) An offer made in writing

Which of the following is an essential element of a valid contract?
A) Written documentation
B) Public announcement
C) Offer and acceptance
D) Witnessed by a lawyer
Answer: C) Offer and acceptance

An offer can be terminated by:
A) Acceptance by the offeree
B) Rejection by the offeror
C) Revocation by the offeror
D) All of the above
Answer: D) All of the above

What is the legal term for an agreement that is not enforceable by law?
A) Void
B) Voidable
C) Unenforceable
D) Illegal
Answer: C) Unenforceable

Which of the following is NOT a valid consideration in a contract?
A) Money
B) Services rendered
C) Past consideration
D) Agreement by a minor
Answer: C) Past consideration

When can an offer not be revoked?
A) Anytime before acceptance
B) After acceptance
C) When made in jest
D) None of the above
Answer: B) After acceptance

A contract made by a minor is generally:
A) Void
B) Voidable
C) Valid
D) Unenforceable
Answer: B) Voidable

What type of contract is formed when the terms are directly stated, either orally or in writing?
A) Implied contract
B) Express contract
C) Quasi-contract
D) Bilateral contract
Answer: B) Express contract

What is a contract that is enforceable but lacks legal obligation called?
A) Void contract
B) Voidable contract
C) Executed contract
D) Unenforceable contract
Answer: D) Unenforceable contract

Which of the following terminates an offer?
A) Rejection by the offeree
B) Acceptance by the offeror
C) Revocation by the offeree
D) Counteroffer by the offeror
Answer: A) Rejection by the offeree

What is a contract formed by the actions of the parties involved, rather than by words?
A) Express contract
B) Implied contract
C) Voidable contract
D) Executed contract
Answer: B) Implied contract

What principle dictates that only parties to a contract can enforce its terms?
A) Doctrine of privity
B) Doctrine of consideration
C) Doctrine of impossibility
D) Doctrine of capacity
Answer: A) Doctrine of privity

Under what circumstance is a contract considered void from the outset?
A) Lack of consideration
B) Both parties not being of legal age
C) Mistake in the terms of the contract
D) Illegal subject matter
Answer: D) Illegal subject matter

What term describes a situation where both parties to a contract have an equal voice in formulating the terms?
A) Consensus ad idem
B) Consensus ad litem
C) Consensus ad voluntatem
D) Consensus ad hoc
Answer: A) Consensus ad idem

Which doctrine allows a court to step in and create a contract to prevent one party from being unjustly enriched?
A) Doctrine of capacity
B) Doctrine of privity
C) Doctrine of quasi-contract
D) Doctrine of impossibility
Answer: C) Doctrine of quasi-contract

What is the legal term for a contract that has been completely performed by both parties?
A) Executed contract
B) Executory contract
C) Voidable contract
D) Void contract
Answer: A) Executed contract

Which of the following is an example of an offer that cannot be revoked?
A) An offer made to a minor
B) An offer made in jest
C) An offer made in writing
D) An offer made in a private conversation
Answer: C) An offer made in writing

What doctrine prevents a third party from enforcing a contract to which they are not a party?
A) Doctrine of privity
B) Doctrine of impossibility
C) Doctrine of consideration
D) Doctrine of capacity
Answer: A) Doctrine of privity

Which type of contract involves a promise for an act?
A) Bilateral contract
B) Unilateral contract
C) Express contract
D) Voidable contract
Answer: B) Unilateral contract

Which of the following is NOT an essential element of a valid contract?
A) Offer and acceptance
B) Intention to create legal relations
C) Adequate consideration
D) Public announcement
Answer: D) Public announcement

Which of the following terminates an offer?
A) Acceptance by the offeror
B) Rejection by the offeree
C) Revocation by the offeree
D) Counteroffer by the offeror
Answer: B) Rejection by the offeree

What is a contract that is enforceable but lacks legal obligation called?
A) Void contract
B) Voidable contract
C) Executed contract
D) Unenforceable contract
Answer: D) Unenforceable contract

What is the legal term for a contract that has been completely performed by both parties?
A) Executed contract
B) Executory contract
C) Voidable contract
D) Void contract
Answer: A) Executed contract

Which type of contract involves a promise for an act?
A) Bilateral contract
B) Unilateral contract
C) Express contract
D) Voidable contract
Answer: B) Unilateral contract

Which of the following terminates an offer?
A) Acceptance by the offeror
B) Rejection by the offeree
C) Revocation by the offeree
D) Counteroffer by the offeror
Answer: B) Rejection by the offeree

What is a contract that is enforceable but lacks legal obligation called?
A) Void contract
B) Voidable contract
C) Executed contract
D) Unenforceable contract
Answer: D) Unenforceable contract

What is the legal term for a contract that has been completely performed by both parties?
A) Executed contract
B) Executory contract
C) Voidable contract
D) Void contract
Answer: A) Executed contract

What doctrine allows a court to imply terms into a contract to make it workable or reasonable?
A) Doctrine of capacity
B) Doctrine of privity
C) Doctrine of implied terms
D) Doctrine of legality
Answer: C) Doctrine of implied terms

When is an offer terminated by operation of law?
A) When the offer is revoked
B) When the offer is rejected
C) When the offeror dies
D) When the offeror makes a counter-offer
Answer: C) When the offeror dies

What is the term for a contract that has been partly performed by one party and accepted by the other party?
A) Executed contract
B) Executory contract
C) Quasi-contract
D) Unilateral contract
Answer: B) Executory contract

What is the term for a false statement made by one party to another, which induces the other party to enter into a contract?
A) Duress
B) Misrepresentation
C) Mistake
D) Undue influence
Answer: B) Misrepresentation

Which of the following is not a requirement for a valid offer?
A) Clear and definite terms
B) Intention to create legal relations
C) Communication of acceptance
D) Seriousness of the offeror
Answer: C) Communication of acceptance

What is the legal term for an agreement made with the intention of defrauding someone?
A) Voidable contract
B) Void contract
C) Unenforceable contract
D) Fraudulent contract
Answer: D) Fraudulent contract

Which of the following is an example of a unilateral contract?
A) A sale contract between two parties
B) A lease agreement
C) A reward offer for finding a lost pet
D) A partnership agreement
Answer: C) A reward offer for finding a lost pet

What is the legal term for a contract that lacks genuine consent and is made under pressure or coercion?
A) Voidable contract
B) Void contract
C) Unenforceable contract
D) Coercive contract
Answer: A) Voidable contract

What is the term for the act of substituting a new contract for an old one with the same terms, but the parties are different?
A) Substitution
B) Novation
C) Merger
D) Alteration
Answer: B) Novation

Which doctrine states that a person cannot deny the truth of certain facts that they have previously accepted as true?
A) Doctrine of estoppel
B) Doctrine of consideration
C) Doctrine of frustration
D) Doctrine of privity
Answer: A) Doctrine of estoppel

What is the term for a situation where both parties to a contract are mistaken about the same fact?
A) Common mistake
B) Mutual mistake
C) Unilateral mistake
D) Fundamental mistake
Answer: B) Mutual mistake

What is the term for a contract in which one party has significantly more bargaining power than the other?
A) Adhesion contract
B) Unilateral contract
C) Executed contract
D) Quasi-contract
Answer: A) Adhesion contract

Which doctrine allows a court to enforce a contract that is partly written and partly oral?
A) Parol evidence rule
B) Doctrine of privity
C) Doctrine of capacity
D) Doctrine of implied terms
Answer: A) Parol evidence rule

What term describes a situation where one party threatens the other party to enter into a contract against their will?
A) Duress
B) Undue influence
C) Misrepresentation
D) Mistake
Answer: A) Duress