Asif appointed Zahid as his agent. During the course of the business Asif becomes involvement:
A. The agency will terminate
B. there will be no effect on the agency
C. agency will continue
D. none of above
Majid appointed Zubair as his agent for a fixed period Of time. The agency will automatically be terminated when:
A. Majid will require it
B. Zubair will require it
C. specified time will be ever
D. none of above
Basit appointed Jawad as his agent to construct a house for Basit. After a few days the house act on fire and completely.
A. they agency will be terminated
B. agency will remain there
C. both A & B
D. none of above
Martin appoints Bakar as his agent in Pakistan to sale the garments of his firm. Martin being an Indian becomes an enemy of Pakistan, due to great tension from the agency, will be:
A. continued
B. terminated
C. stopped
D. none of above
The termination of the original agent means the termination of:
A. sub-agent
B. substitution agent
C. both A & B
D. none of above
The agency which cannot be terminated is called:
A. permanent agency
B. strong agency
C. irrevokable agency
D. none of above
A. Hashir can revoke this agency
B. Hashir cannot revoke this agency
C. Both A & B
D. none of above
Which of the following statements is incorrect?
A. There is no difference in law between an offer and an invitation to treat
B. An offer is a set of terms by which the offeror is willing to be bound
C. In bilateral contracts the parties exchange promises
D. Acceptance in contract may take effect through conduct and need not be communicated.
The case Fisher v Bell established the following point of law:
A. All adverts in a magazine will constitute an offer to sell
B. A price tag on an item displayed in a shop window must be sold at the displayed price by the retailer
C. An item in a shop window displaying a price’ tag is generally held as an invitation to treat
D. All adverts through the internet are considered offers and are not examples of an invitation to treat
Where a contract does not stipulate an expiry date, it will remain open:
A. Forever, until accepted by the offeree
B. Until expressly revoked by the offeree
C. Until a counter-offer is made
D. For a reasonable time, after which it will automatically expire
Where the offeror has promised to keep open an offer for a specific period of time, he/she
A. May revoke the offer before the time has expired where this has been communicated to the offeree
B. Must keep the offer open for this period of time
C. May refuse to go ahead with a contract if he/she changed his/her mind but failed to communicate this to the offeree
D. May revoke the offer before the expiry of the time limit where he/she has personally informed the offeree
Which of the following is NOT effective communication of acceptance of an offer?
A. Deviation (which is a quicker form) from the method stipulated in the offer
B. Silence
C. Conduct of the contract
D. Outward evidence of the offeree’s intention to accept
In relation to instantaneous forms of communication of acceptance, where will acceptance take place?
A. From the location where the communication via telex is sent
B. As soon as a letter of acceptance is posted
C. When the acceptance has been received by the offeror
D. From the location, where the communication by email is sent
The adequacy of the consideration provided in an agreement in establishing an enforceable contract is:
A. Assessed by reference to the reasonable man
B. Asse6sed in relation to the consideration provided and an independent assessment of the value of the item being contracted for
C. What the court considers is adequate
D. A matter for the parties to consider at the time of making the agreement
In relation to existing duties, which of the following statements is incorrect?
A. Performance of existing duties wilt not generally amount to good consideration
B. Where the existing duties are exceeded, this may amount to good consideration
C. Where the promise confers a benefit on the other party, this may amount to good consideration
D. Where the promise assists the Other party in avoiding a detriment, this may amount to good consideration
An intention to create legal relations will be presumed in which of the following situations?
A. Between friends and social acquaintances
B. Between husband and wife
C. Where parties in a commercial relationship have established the agreement between them is in honor only
D. Between parties in a commercial relationship
Where a meaningless term is used in an agreement, the effect is?
A. The entire contract will be held unenforceable
B. It has no practical effect on the contract – the whole contract is enforceable
C. That this term, rather than the entire contract, maybe held unenforceable
In relation to minors, which of the following types of contract is not voidable but binds the minor?
A. Contracts involving the sale of shares
B. Leasing property
C. Contracts of partnership
D. A contract for necessities
Which of the following is NOT a type of mistake in contract law?
A. Frustrated mistake
B. Common mistake
C. Mutual mistake
D. Unilateral mistake
Which of the following elements is incorrect in establishing an actionable misrepresentation?
A. A statement of material fact that induces the other party into the contract
B. A false representation
C. The innocent party did or did not believe the statement to be true
D. The representation induced the party into the contract
