Question 2 1 Point Stanley went on a long holiday. His neighbour Sally was washing her car when she noticed that Stanley's car was parked under a tree and was covered with birds' droppings. After she had washed her car Sally decided as a good neighbour to wash Stanley's car. When Stanley came back from his holiday he was pleasantly surprised to find his car nice and clean. Sally then approached him and said that she had washed his car for him as it was dirty with birds' droppings. Sally wanted Stanley to pay her $100 for her effort to keep his car clean. In this case Sally's consideration is A) Past Consideration B Executory Consideration Executed Consideration D) Delayed Consideration Question 3 Choose the most correct description. Sources of law are: A) Legislation, the common law and criminal law B Legislation, the common law and judge-made law C) The common law and Acts of Parliament The common law, legislation and equity 1 Point Question 6 Which of the following statements is INCORRECT? A) The remedies of the innocent party for breach of a warranty depends on the seriousness of the breach B The remedies for breach of a condition are repudiation and damages (C) The likely remedy for breach of an innominate term cannot be assessed at the outset of a contractual relationship D The remedy for breach of warranty is intended to make the contract void 10 Points Question 8 An existing contractual duty will not amount to valid consideration. What will? A Doing more than what one is contractually bound to do B) Agreeing to do more than what one is contractually bound to do at a later date C) Doing something in exchange for being rewarded D None of the above 10 Points Question 9 The Latin phrase 'CAVEAT EMPTOR' means A) This is not my deed B Meeting of minds (C D Let the buyer beware Payment for work done 10 Points