1. What is Contract? An agreement between two or more people or entities An agreement with yourself An agreement between you and the government An agreement between businesses only 2. A contract is only recognized when it is written. True or False 3. Silence is considered to be acceptance of an offer. True or False 4. An offer is:An expression of willingness to enter into agreementA counterofferAn offer to rejectAll of the above 5. If one were to mail its acceptance but it arrives after a deadline, what is the likely outcome?It is an acceptanceIt is not an acceptance because it arrived lateIt will void the contractNone of the above 6. What is consensus ad idem?ConsiderationMeeting of the mindsLegalityCapacity 7. Suppose C signs a plumbing contract with D. C gives money in exchange for D's plumbing service. Which part of this matter is found to be consideration? Money Money and plumbing service Money, plumbing service and one's qualifications None of the above 8. One can never sign a contract with a minor. True False 9. If there is no price stated in a contract, how can we measure any value from this matter to pay someone? Use the doctrine of promissory estoppel Use the doctrine of quantum meruit Use the principle of consideration Use the concept of breach of contract 10. The Statute of Frauds has been replaced by the Sale of Goods Act in Canada. True False 11. One may challenge an agreement when one threatens your life under: Duress Undue influence Mistake Unconscionability 12. Suppose E signs an insurance policy with F (insurance company). However, E is illiterate (cannot read). What defence can E use to get out of this contract? Res ipsa loquitur Mistake Misrepresentation Non est factum 13. One may challenge a contract involving the smuggling of humans (trafficking) on the grounds of: Mistake Illegality Duress Undue influence 14. Full performance helps one discharge a contract. True False 15. Suppose Rolly the Painter signs a painting services contract with Joey. There is a provision in the contract that states: "If either party breaches the contract, it must pay $5,000.00". What is this an example of? Liquidated damages General damages Punitive damages Special damages 16. Privity means that only parties to an agreement can sue each other. True False 17. Suppose T is an agent for Apple. T tells another person, U, to take over some of its duties for T. What is the rule? A 3rd party must notify the principal An agent may not delegate authority to others An agent has a duty to a 3rd party None of the above 18. What is the legal term for where an employee is forced to quit due to changed working conditions? Voluntary Termination A firing Just cause Constructive Dismissal 19. What was the main rule in the Bardal case? An employee must give notice before leaving work An employer must give reasonable notice to an employee An employment contract must be drafted several times None of the above 20. What can an employee do if its employer is not following the employment contract? Nothing It can contact the municipal government It can contact an employment standards officer It can apply to a court for an appeal 21. An independent contractor is the same as an employee. True False