Q1: Which of the following is considered by courts to determine whether the statement is a term OR a mere representation?

Select one:

a. Length of the statement

b. Business valuation of the party making the statement

c. Timing of making the statement

d. Qualification of the parties

Q2: A rented his apartment to B for $500 per week with the terms that B will pay $300 to A and the remaining $200 to C (As son). B paid rent as per terms for an initial couple of weeks but then stopped paying rent, even after repeated reminders from A. C needs money and want to sue B for his $200 for outstanding weeks. Will C succeed in his claim of rent from B (assume that C has power of attorney given by A and is suing on behalf of A)?

Select one:

a. No, since C has not given any notice to B for paying rent to him

b. No, C is not a party to the contract so C will not succeed in his claim of rent

c. Yes, C is entitled to receive money as he is a party to the original contract (Power of attorney does not matter in this case)

d. Yes, since C is legally authorised (has power of attorney) to act on As behalf

Q3: Frustration of a contract may NOT occur in which one of the following circumstances

Select one:

a. when there is a change in the law with the effect of making the original contract illegal

b. either the offeror or offeree dies prior to performance of the contract and contract is for personal services

c. destruction of the subject matter of the contract

d. miscalculation of profit arising from the contract

Q4: Which of the following is a method of implying terms of the contract?

Select one:

a. by the courts

b. through Statutes

c. Through trade custom or usage

d. All the given options represent the methods of implying the terms of a contract

Q5: Which of the following statements is/are NOT true regarding the liability for inducing a breach of contract?

Select one:

a. One who has induced a breach of contract is liable under the law of contract

b. None of the given options is correct

c. One who has breached the contract is liable under the law of contract

d. One who has induced the breach of the contract my be held liable under the law of tort