Part 1 1. The person accepting the proposal called 'promisor'. (True/False) 2. Silence does amount to an acceptance. (True/False) 3. The parties entering into a contract should be competent and has legal capacity. (True/False) 4. The legal principle in the case of Carlill v Carbolic Smoke Ball is proposal can be made to a specific person. (True/False) 5. An agreement without consideration is void. (True/False) 6. An offer is revoked when time for acceptance stipulated by the offeror is lapsed. (True/False) 7. Invitation to treat means an invitation to seek offers. (True/False) 8. One of the elements of a valid contract in counter- offer. (True/False) 9. The legal principle that can be derived from Pharmaceutical Society of Great Britain v Boots Cash Chemist Lid. [1953] 1 Q.B. 401 is the communication of an offer is complete when it is received by the acceptor. 10. Void contract is an agreement not enforceable by law. (True/False). 1 1. A contract without any consideration is void EXCEPT when the promise is made to pay statute-barred debt. (True/False) 12. By virtue of Section 10 of the Contract Acts 1950, a minor has no legal capacity to enter into a contract EXCEPT for contract for luxurious goods. (True/False) 13. In social and domestic agreement, there is a strong presumption that parties intend to create legally binding contract. (True/False) 14. At an auction, acceptance is made by the bidder. (True/False) 15. One of the categories of consideration is existing consideration. (True/False)