1. Which of the following is not automatically a relationship of trust and confidence?*

a. Parent and child

b. Husband and wife

c. Solicitor and client

d. Trustee and beneficiary

2. When is an agreement executory?*

a. When performance has been completed by both parties

b. When performance lies in the future and nothing has been done to carry out the arrangement

c. Both options given are correct

d. Neither of the options given is correct

3. An offer can be revoked by the following EXCEPT*

a. when the offeree sends the notice of revocation

b. when the offeree fails to fulfil the conditions in the offer

c. when the offeree makes an acceptance after a reasonable period to reply is over

d. when the offeror dies or becomes insane

4. All agreements between two competent parties are contracts*

True

False

5. Invitation to treat is an offer*

True

False

6. Consideration of a valid contract can come in a form of services*

True

False

7. Consensus ad idem means to be or not to be*

True

False

8. We need to fulfil any of the 7 essential element of contract to form a valid contract.*

True

False

9. Mary agreed to sell his house to John after John threatened to kidnap her son. The contract is void*

True

False

10. A breach of contract occurs when one party to a contract does not do what he or she agreed to do,*

True

False

11. The law presumed that once the parties entered into a contract of trading agreement, a party can bind another party to perform the contract.*

True

False

12. Sarip's letter to Dol states that he is willing to purchase from Dol his house for RM1,000,000.00 if Manchester United wins the FA Cup within the next four seasons and provided that his mother does not object to the sale. This is an offer/proposal.*

True

False