1.
Which of the fol owing best describes a contract? a.
A voluntary promise, enforceable by law, between two or more par es that agree to do
something or not to do something b.
A set of fundamental rules that regulate vital subject-ma ers of a country such as poli cal,
economic, regime, fundamental rights and du es of the ci zen and other people c.
A request made by a sel er to a poten al buyer to enter into a transac on d.
An expression of an individual’s wil to transfer his/her own property to other person(s) a er his/her death. 2. An contract OFFER is: a.
An invita on to enter into a contract b. A termina on of contract c. An acceptance to contract d. A term of a contract 3.
What does a contract need to be VALID? a.
Par es must have capacity to enter into contracts b.
Contents are not in contrary to prohibi on of the law and social morals c.
Par es are free and voluntary making contracts d. Al of the above 4.
Who can NOT enter into a contract? a.
A 30 year old drunk man sel s his Iphone 6s to a friend. b.
21 year old student lends a friend her motorbike. c.
A 4 year old girl buys some ice cream from a shop. d. Both a and c 5.
A legal person enters into contracts through: a. Its legal representa ve, b. Its authorized person c.
The person authorized by the government d.
Its legal representa ve or its authorized person 6.
A commercial contract can be in the form: a. In wri ng b. Telegraph, telex, facsimile, c. Data message d. Al are correct 7.
According to the Civil Code 2015, a contract, which is entered into by a drunk person, may be
INVALID due to the contractor____________________. a. Having no civil act capacity b.
Having loss of civil act capacity c.
Having restricted civil act capacity d.
Being unable to be aware or control their acts 8.
According to the Civil Code 2005, a contract, which has inaccurate data made uninten onal y,
may be invalid due to ____________. a. Falsity b. Mistake c. Decep on d. In mida on 9.
When the o eree accepts to enter into a contract but states the condi ons or modi es the o er, he or she is: a. Termina ng this o er b. Making a new o er c. Accep ng this o er d. Ignoring this o er 10.
An o er MUST NOT be changed, revoked, unless: a.
There are no condi ons for changes or revoca ons are previously men oned b.
Condi ons for changes or revoca ons are later con rmed c.
Condi ons for changes or revoca ons are previously men oned d. It is decided by the court 11.
If a contract is made in wri ng, it shal be EFFECTIVE when: a.
The rst party signs the contract. b. Both par es sign the contract c.
The last party signs the contract. d.
The contract has been implemented