BUSINESS AND CORPORATE LAW – Page 6

BCL – L1 – SA – Q50 – Contract Law

Effect of third-party default on contract performance.

Question

Where a contract could not be performed because of the default by a third person on whose work the promisor relied, it

A. Is not discharged

B. Is discharged

C. Becomes void

D. Becomes voidable

Answer

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Tags: Contract Discharge, Performance, Third Party Default
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q49 – Contract Law

Definition of tender in contract performance.

Question

When promisee refuses to accept performance from the promisor who offers to perform, it is

A. Attempted performance

B. Vicarious performance

C. Tender

D. Frustration of contract

Answer

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Tags: Contract Obligations, Performance, Tender
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q48 – Contract Law

Binding nature of conditions on a ticket.

Question

On the face of the ticket for a journey the words – for conditions see back are printed in small print. The passenger

A. Is bound by the conditions whether he takes care to read them or not

B. Is not bound by the conditions

C. May not take note of the conditions

D. None of the above

Answer

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Tags: Contract Terms, Passenger Liability, Ticket Conditions
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q47 – Contract Law

Definition of a counteroffer in contract law.

Question

There is a counteroffer when–

A. The offeree gives conditions for acceptance or introduces a fresh term in acceptance.

B. The offeror makes a fresh offer

C. The offeree makes some query

D. The offeree accepts it

Answer

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Tags: Acceptance, Contract Formation, Counteroffer
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q46 – Contract Law

Effect of fraudulent misrepresentation in a contract document.

Question

If there is a fraudulent misrepresentation as to the contents of a document, the contract is –

A. Void

B. Voidable

C. Valid

D. Illegal

Answer

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Tags: Contract Validity, Document Contents, Fraudulent Misrepresentation
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q45 – Contract Law

Liability of a minor misrepresenting age to borrow money.

Question

A minor, by misrepresenting his age, borrows some money –

A. He can be sued for the fraud

B. He cannot be sued for the fraud

C. He is liable to return the money

D. None of the above

Answer

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Tags: Contract Capacity, Fraud, Liability, Minor
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q44 – Contract Law

Effect of a promise made without intent to perform.

Question

A promise made without the intention of performing it amounts to –

A. Innocent misrepresentation

B. Fraud

C. Negligent misrepresentation

D. Wrongful misrepresentation

Answer

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Tags: Contract Validity, Fraud, Misrepresentation
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q43 – Contract Law

Classification of a contract to pay if a house burns.

Question

A contract to pay Benjamin GH¢10,000 if Benjamin’s house is burnt – This is a

A. Wagering agreement

B. Void

C. Voidable agreement

D. Contingent contract

E. Contract of guarantee

Answer

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Tags: Contingent Contract, Contract Types, Wagering Agreement
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q42 – Contract Law

Validity of a contract with an alien enemy.

Question

An agreement made with an alien enemy is

A. Unlawful on the ground of public policy

B. Unlawful because it becomes difficult to be performed

C. Valid

D. Voidable

Answer

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Tags: Alien Enemy, Contract Validity, Public Policy
Level: Level 1

Topic: Contract Law

BCL – L1 – SA – Q41 – Contract Law

What constitutes an offer in a contract.

Question

Which of the following result in an offer-

A. A declaration of intention

B. An invitation to offer

C. An advertisement offering reward to anyone who finds lost dog of the advertiser

D. An offer made in a joke

Answer

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Tags: Advertisement, Contract Formation, Offer
Level: Level 1

Topic: Contract Law

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BCL – L1 – SA – Q50 – Contract Law

Effect of third-party default on contract performance.

BCL – L1 – SA – Q49 – Contract Law

Definition of tender in contract performance.

BCL – L1 – SA – Q48 – Contract Law

Binding nature of conditions on a ticket.

BCL – L1 – SA – Q47 – Contract Law

Definition of a counteroffer in contract law.

BCL – L1 – SA – Q46 – Contract Law

Effect of fraudulent misrepresentation in a contract document.

BCL – L1 – SA – Q45 – Contract Law

Liability of a minor misrepresenting age to borrow money.

BCL – L1 – SA – Q44 – Contract Law

Effect of a promise made without intent to perform.

BCL – L1 – SA – Q43 – Contract Law

Classification of a contract to pay if a house burns.

BCL – L1 – SA – Q42 – Contract Law

Validity of a contract with an alien enemy.

BCL – L1 – SA – Q41 – Contract Law

What constitutes an offer in a contract.

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