Assignment

52. What does the postal rule state? a) That acceptance occurs as soon as the letter is posted. b) That acceptance occurs when the letter is received by the offeror. c) That acceptance occurs when the letter is read by the offeror. d) That acceptance does not occur if the letter is lost in the post. 53. In relation to the requirement of certainty, which ONE of the following statements is true? a) Where the parties have wholly or partially performed their obligations under a contract, the court is unlikely to hold that a contract is void due to vagueness or uncertainty. b) If an agreement in uncertain, the courts will rewrite it to provide it with the requisite certainty. c) Where the words of a contract are vague, the court will automatically hold that the contract is invalid. d) The courts will never uphold an agreement that is incomplete. 54. The term breach of contract refers to: a) An agreement by the parties to form a contract b) An agreement of the parties not to continue with a contract c) The failure of one party to a contract to fulfill his or her obligations d) The complete performance of contractual obligations by both parties. 55. The discharge of a contract by Novation refers to: a) A substitution of contract terms b) A mutual agreement to change the terms of a contract c) An event which causes a contract to be frustrated. d) An agreement to cancel a contract