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3. Types of Contracts & Features
This section
Practice test
11 questions on this section. Wrong answers show you what to read again.
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Revision test
Mixed questions from across the chapter. Your answers get marked.
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Flashcard drill
3 cards from this lesson. Good the night before a test.
Try these first
- 1.
What is a valid contract?
Hint
Think about the elements that make a contract enforceable.
- 2.
Give an example of a void contract.
Hint
Consider situations where legality is compromised.
- 3.
Which of the following is a characteristic of a valid contract?
- It must be void
- Consent must be free
- It must have an unlawful objective
Hint
Consider the essential requirements of contract formation.
- 4.
True or False: A void contract can still be enforced in court.
- True
- False
Hint
Reflect on legality and enforceability.
- 5.
Create a scenario in which a contract would be reportable as void, and explain the reasoning behind it.
Hint
Consider the legal implications of the agreement.
- 6.
Draft a simple voidable contract where one party has an option to rescind based on specific circumstances.
Hint
Think about pressure tactics and timelines for rescinding.
Exercises
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
4 more questions available
Enrol freeQuiz
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
1 more question available
Enrol freeChallenge Problems
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting