Practice Offer & Acceptance (2.1) - General Principles of Contracts Management

Practise this section

9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
Define an offer in your own words.
Show hintHide hint
Consider what a person must do in order to enter a contract.
Question 2.
What is unconditional acceptance?
Show hintHide hint
Think about what makes acceptance valid.
3Question 3.
Which of the following is not a requirement for an offer?
- Must be communicated
- Must be definite
- Can be ambiguous
Show hintHide hint
Remember the key elements of a valid offer.
4Question 4.
True or False: Silence constitutes acceptance in all cases.
- True
- False
Show hintHide hint
Reflect on when silence may be considered acceptable.
Question 5.
A buyer offers to purchase a house, but the seller responds that they would only sell it with a renovation included. Is this a counter-offer or acceptance?
Show hintHide hint
Reflect on the differences in responses to original offers.
Question 6.
John offers to sell his bike for $200. Sam responds with a new offer of $150. What is the status of John's original offer?
Show hintHide hint
Consider how negotiation alters contractual terms.

5 more questions in this section. Enroll free to practise them all.