1. Which of the following statements about revocation of an offer is true?

A. The postal rule applies to revocation of an offer B. It can be revoked at any time before acceptance C. Revocation must be communicated personally by the offeror 2)Sue owns a delicatessen and has contracted with Tim to supply her with fresh bread every day for the next ten weeks, after six weeks, Tim tells Sue that he is unable to continue to supply the bread. Which TWO of the following statements are true?

A. Sue can affirm the contract B. Sue can wait a further four weeks and then sue for damages C. Sue can obtain an injunction preventing Tim from breaching his contract D. Sue can accept this as a breach of contract and sue for damages now

4. Which of the following statements about acceptance of an offer in contract law is true? A. Following a valid acceptance, the offeror can still withdraw from the contract prior to performance B. There must be some form of positive action by the offeree either spoken, written or by conduct in order to accept the offer C. The offeree may choose which terms of an offer to accep

5)Bobby sees a diamond ring in the display cabinet of a local jewellery shop, with a price tag of Rs 25. When Bobby tried to buy the ring, the shop assistant informed him this was an error and the correct Price is Rs 2500.

Which of the following is correct?

1. There is a binding contract for the ring at a price of $25
2. There is a binding contract for the ring at $25000
3. There is no contract since the ring on display is an invitation to treat
4. There is no contract because an honest mistake has been made