Legal Reasoning Practice Paper on Contracts

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Legal Reasoning Practice Paper on ContractsQuestion: Indentify the correct option in the following questions of Law of Contract using ordinary prudenceThe doctrine of privity of contract means:A contract without considerationAn unlawful agreementA stranger to a contract cannot sueA stranger to contract can sueAns. dRationale: privity of contract means privacy between the parties to contract thus a stranger to contract can sue.The law of contract is the law regulating agreements which create obligations. The statement is​​ TrueFalsePartly correctNone of the aboveAns. aRationale: contract creates obligations in between the parties to contract i.e. they become legally bound to perform their part of liability.An offer which is allowed to remain open for acceptance over a period of time is known asImplied offerExpress offerSpecific offerStanding offerAns. dRationale: an offer which can be accepted over a period of time is known as standing offerA bid at an auction sale isAn implied offer to buyAn express offer to buyAn invitation to offer to buyAn invitation to come to bidAns. aRationale: a bid in the auction sale is an implied offer to buy tendered by the prospective customerA dress is displayed in the showroom of a shop with a price tag attached to it. A buyer interested in the dress and ready to pay the price mentioned in the tag approached the shopkeeper for purchasing the dress. Which one of the following is correct?The shopkeeper can refuse to sell the dressThe shopkeeper cannot refuse to sell the dress as the buyer has accepted the offerIn case of refusal, the shopkeeper will be liable for breach of contractThe shopkeeper cannot refuse to sell the dress but may charge higher priceAns. aRationale: display of dress in the showroom is an invitation to offer and not an offer from the buyer. Thus in this case the customer takes offer to the shopkeeper for buying the dress and the shopkeeper has the autonomy to reject it.A tender isOfferPromiseOnly a quotation of pricesAgreementAns. cRationale: a tender is the quotation of prices i.e. an invitation of offer.An offer of performance is calledProposalContractTenderAcceptanceAns. cRationale: offer of performance means invitation of offer and tender is the same.Which of the following is an invitation to offer?A catalogueBidsRequest for loanAll the aboveAns. aRationale: catalogue is an invitation to offer i.e. it is a document which invites the customers to bring offers to the sellerA wanted to purchase B’s old car which he wanted to dispose of and therefore sent a telegram to B asking him the lowest price of the car which he would accept. B telegraphed back that he would accept Rs. 55000. On A’s agreeing to but at the price, B refused to sell. In this caseB is liable of breach of contract, as his offer to sell the car was accepted by AB is not liable of breach of contractB is not guilty of breach of contract ​​ as his telegram stating the price of the car was no more than an invitation to proposalB is liable for damagesAns. cRationale: when B sent the reply to telegram he only mentioned the price he is willing to accept. It is only an invitation to offer.Which one of the following falls into the category of offer?Newspaper advertisement regarding a saleDisplay of goods by a shopkeeper in his window with prices marked on themAn advertisement for a concertAnnouncement of reward to the publicAns. dRationale: only option d is the valid offer rest​​ are invitations​​ to offer​​ A consideration isDoing or abstaining from doing something at the desire of the promisorA reason for making a proposalRegard for the condition of other partyNone of theseAns. aRationale: According to Section 2(d), Consideration is defined as: "When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing something, such act or abstinence or promise is called consideration for the promise".Consideration must move at the desire of​​ The promiseThe promisorPromisor or any third partyBoth the promisor and the promiseeAns. bRationale: According to Section 2(d), Consideration is defined as: "When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing something, such act or abstinence or promise is called consideration for the promise".In India, a person who is stranger to the considerationCan sue for breach of contractCannot sue for breach of contractDepends on the conditionsNone of the aboveAns. aRationale: in Indian Contract Act it is not necessary that consideration should flow from parties to contract. The person who has not given consideration still can sue for breach of contract if he is the party or beneficiary to it.​​ Past consideration meansThe price received in the past without making even a proposal of any sortThe price which is more than the promisor expectedThe price or service rendered at the desire or request of the promisor in the past followed by a subsequent promiseNone of theseAns. cRationale: past consideration is the benefit that you get as a result of making the contract. In other words, each person who signed the contract promised to do something.A consideration may beOnly in the futureOnly in the presentOnly in the pastAll the aboveAns. dRationale: in Indian Contract Act consideration can be past, present or future.(function( $ ) { //footnotes $('.defaultNote').children(":first").css('cursor', 'pointer'); $('.defaultNote').children(":first").click(function(){ var gotoID = '#' + $(this).parent().attr('id'); $('html, body').animate( { scrollTop: $('a[href="' + gotoID + '"]').offset().top - 60, }, 250, 'linear' ) }); }(jQuery)); var numFormat = ",."; (function( $ ) { "use strict"; //do some cleaning on load var sortCells = $('td[data-sorting], th[data-sorting]'); sortCells.each(function(){ var first = $(this).text().trim().charAt(0); if (first == '@'){ var oldHTML = $(this).html(); var newHTML = oldHTML.replace('@', ''); $(this).html(newHTML); } }); function sortingTable(node, pos, ordBy){ var rows = node.children('tbody').children('tr').get(); rows.sort(function(a, b) { var X = $(a).children('td').eq(pos).text().toUpperCase(); var Y = $(b).children('td').eq(pos).text().toUpperCase(); if (numFormat != '.,'){ //we are dealing with a different locale and we need to do some //transformation in numbers X = convert2number(X); Y = convert2number(Y); } else { X = X.replace(/,/g, '').replace(/ /g, ''); Y = Y.replace(/,/g, '').replace(/ /g, ''); } var currencies = ['$', '¥', '£', '€']; var arrayLength = currencies.length; var XX = X; var YY = Y; for (var i = 0; i < arrayLength; i++) { XX = XX.replace(currencies[i], ''); YY = YY.replace(currencies[i], ''); } if (!isNaN(XX) && !isNaN(YY)){ var floatXX = parseFloat(XX); var floatYY = parseFloat(YY); return -(floatYY-floatXX) * ordBy; } else if (!isNaN(XX) && isNaN(YY)){ return -1 * ordBy; } else if (isNaN(XX) && !isNaN(YY)){ return ordBy; } else { if(X < Y) { return -1 * ordBy; } if(X > Y) { return 1 * ordBy; } return 0; } }); $.each(rows, function(index, row) { node.children('tbody').append(row); }); } function removeTableCellDecoration() { $("td[data-sorting], th[data-sorting]").removeClass('sortDecorator'); } //unbind the click event just in case we are loading more than one document $("td[data-sorting], th[data-sorting]").off('click'); $("td[data-sorting], th[data-sorting]").click(function(){ removeTableCellDecoration(); $(this).addClass('sortDecorator'); //get desired ordering var ordering = $(this).attr('data-sortOrdering'); if (ordering == 'ASC'){ var ordBy = -1; $(this).attr('data-sortOrdering', 'DESC'); } else { var ordBy = 1; $(this).attr('data-sortOrdering', 'ASC'); } var cellPosition = $(this).prevAll().length; var table = $(this).parents('table:first'); sortingTable(table, cellPosition, ordBy); }); function convert2number(str) { str = str.trim(); if (str.match(/^\d+/)) { //we have to take special care when the thousand separators are '.' var result_0 = str.replace(/\./g, '_@_'); var result_1 = result_0.replace(window.numFormat[0], '.'); var result = result_1.replace(/_@_/g, ''); result .replace(/ /g, ''); return result; } else { return str; } } }(jQuery));