q-1

Even if an offeror has promised to keep an offer open until a certain deadline, the offeror can validly revoke their offer prior to that deadline if:

The offeror has not provided consideration for the promise to revoke the offer

The offeree has not provided consideration for the promise to keep the offer open

The offeror has provided consideration for the promise to reject the offer

The offer has already been accepted

q-2

Which of the following is least likely to be classified as duress?

A threat to cause physical harm to the other party to the contract

A threat to cause harm to the property of the person making the threat

A threat to cause harm to the property of the other party to the contract

A threat to cause physical harm to a close relative of the other party to the contract

q-3

Michael has created a trust where the ownership of property vests in a trustee, Jordan, to hold for the benefit of Susan. Which of them holds the legal interest in the property?

None of the answers are correct

Jordan

Michael

Susan

q-4

Which of the following is associated with a fitting?

Majordamage whenremoved

Permanently attached

Easily sold

Can be easily removed

q-5

Which of the following statements is true?

A licence gives the right to sue in trespass

A lease can be revoked at any time

A licence can be registered on the title

A lease can be registered on the title

q-6

A tenancy without any fixed duration and where a tenant enters or remains in possession of property with the consent of the landlord and does not pay rent

Is a tenancy at will

Is a fixed term lease

Is a tenancy at sufferance

Is not a tenancy

q-7

Which of the following statements is true?

If part of a tenant's interest under a lease agreement is transferred to another person, then this will amount to an assignment.

If the whole of a tenant's interest under a lease agreement is transferred to another person, then this will amount to an assignment.

If the lessee retains some rights under the lease, then this will be an assignment

None of the answers are correct