Assignment

12. An intention to create legal relations will be presumed in which of the following situations? Doc. No.: EXM/F/03 Page No.: 2/2 Issue No.: 1 Last Update: 15/04/15 Revision No.: 1.1 Date: 12/04/06 Author: EC Approved: Provost 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 honour only' d) Between parties in a commercial relationship 13. 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) This term, rather than the entire contract, may be held unenforceable. d) The courts will order the parties to re-write the contract to more accurately identify what their intentions were. 14. 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 15. 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 16. 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. 17. Which of the following is NOT a type of misrepresentation? a) Fraudulent misrepresentation b) Innocent misrepresentation c) Criminal misrepresentation d) Negligent misrepresentation 18. At common law, duress makes the contract: a) Voidable b) Void c) Illegal d) A valid contract that binds both parties 19. Where undue influence has been used to form the contract, the effect is that the contract is: Doc. No.: EXM/F/03 Page No.: 3/2 Issue No.: 1 Last Update: 15/04/15 Revision No.: 1.1 Date: 12/04/06 Author: EC Approved: Provost a) Void b) A valid contract that binds both parties c) Illegal d) Voidable