Question 1

What is past consideration?

Accepted Answer

Past consideration c

Question 2

The reasonable bystander test is

Accepted Answer

A)  a test that employs witnesses to make candid observations about contract cases. 
B)  the test that employs non- specialist as members of a jury in contract cases. 
C)  the test that is used by the courts to determine whether parties intended to enter into legal relations with each other. 
D)  the test that the parties can use to determine who is in breach of contract. 
E)  the test that the parties can use to determine compensation in contract cases. 
A)  a test that employs witnesses to make candid observations about contract cases. 
B)  the test that employs non- specialist as members of a jury in contract cases. 
C)  the test that is used by the courts to determine whether parties intended to enter into legal relations with each other. 
D)  the test that the parties can use to determine who is in breach of contract. 
E)  the test that the parties can use to determine compensation in contract cases.

Question 3

What is meant by "the meeting of minds"? How significant is it to the formation of contracts?

Accepted Answer

When parties are entering into a contrac

Question 4

Promissory estoppel cannot be used as a defence.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following would a court NOT regard as consideration of the part of a party to a contract?

Accepted Answer

A)  a promise to pay for what the other party has already done 
B)  a promise to pay money to the other party in the future 
C)  money paid to the other party 
D)  giving up what the party honestly believes is a right to sue 
E)  A promise to pay money to a third party who is not a party to the contract 
A)  a promise to pay for what the other party has already done 
B)  a promise to pay money to the other party in the future 
C)  money paid to the other party 
D)  giving up what the party honestly believes is a right to sue 
E)  A promise to pay money to a third party who is not a party to the contract

Question 6

All gratuitous promises are unenforceable.

Accepted Answer

A) True 
 B)False

Question 7

There is no contract unless each party intends to enter into a contract.

Accepted Answer

A) True 
 B)False

Exam 6: Formation of a Contract: Consideration, and Intention to Create Legal Relations

What is past consideration?

The reasonable bystander test is

What is meant by "the meeting of minds"? How significant is it to the formation of contracts?

Promissory estoppel cannot be used as a defence.

Which of the following would a court NOT regard as consideration of the part of a party to a contract?

All gratuitous promises are unenforceable.

There is no contract unless each party intends to enter into a contract.

Law and Society

The Machinery of Justice

The Law of Torts

Professional Liability

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Capacity to Contract and Legality of Object

Grounds Upon Which a Contract May Be Impeached: Mistake

Grounds Upon Which a Contract May Be Impeached: Misrepresentation, Undue Influence, and Duress

The Requirement of Writing

The Interpretation of Contracts

Privity of Contract and the Assignment of Contractual Rights

The Discharge of Contracts

The Effect of Breach

Remedies for Breach

Sale of Goods

Leasing and Bailment

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

The Internal Affairs of Corporations

The External Responsibilities of a Corporation

Secured Transactions

Creditors Rights

Government Regulation of Business

International Business Transactions

Electronic Commerce

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