Name: Tạ Quang Phú

Rollnumber: HS153104

Quiz 2 IB1601 – LAW102

Choose the best answer by highliting in bold to complete the sentences:
1. ...……….is one of the requirements of a valid contract.
A. Based on the agreement by one party
B. Be for a lawful purpose
C. Made by any people
2. Which statement is correct?
A. Minors are not responsible for their damages.
B. Minors’ liability for torts are less than adults’ one.
C. Minors are as liable for torts as adults are.
3. ………….. means people who are under the influence of alcohol or drugs.
A. Intoxicated persons
B. Minors
C. Mentally incompetent people
4. All contracts for the sale of goods must be in writing when the price is………
A. $50 or more.
B. $300 or more.
C. $500 or more.
5. Which statement is not correct?
A. The minor may ratify the contract after attaining majority.
B. A minor is not allowed to disaffirm a contract.
C. The minors are liable for their business contracts.
6. Which proof of oral contract is permitted?
A. Full payment has been made.
B. Goods were delivered by seller.
C. The goods in question are of resellable nature.

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7. ………………consists of obligations arising from a mutual agreement and
intent to promise where the agreement and promise have not been expressed in
words
A. A written contract
B. An implied contract
C. An express contract
8. ……………is one of the requirements of a valid offer.
A. Offer must be seriously intended
B. Offer need not be communicated to the offeree
C. Offer must be indefinite
9. …………must be judicially declared insane.
A. Intoxicated persons
B. Crimes
C. Mentally incompetent people
10. A revocation of an offer must be communicated to the offeree …………….
…
A. after the acceptance.
B. prior to the acceptance.
C. at the same time of the acceptance.
11. ……………... is the termination of a contract and substitution of a new one
with the same terms but with a new party.
A. Assignment
B. Delegation
C. Novation
12..……………….is a formal agreement between two people or groups that
both promise to do something for each other.
A. A unilateral contract
B. A bilateral contract
C. An oral contract

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13. ……………. obligate two or more people together toward performance.
A. Joint and several contracts
B. Joint contracts
C. Several contracts
14. ……………is not the termination of contracts.
A. Voluntary agreement of the parties
B. Acceptance of a breach of contract
C. Possibility of performance
15. Which statement is correct?
A. A void contract is the same as an unenforceable contract
B. A void contract is an agreement with no legal effect.
C. A void contract is enforceable in court.
16. ………….. is considered as unilateral contract.
A. Sale and purchase contract
B. Employment contract
C. Reward contract
17. Which is not considered as impossibility of performance that leads to
termination of contracts?
A. New laws making the contract legal
B. Destruction of the subject matter
C. Force majeure
18. ………….. is considered as bilateral contract.
A. Contract for gifts of property
B. Transport contract
C. Reward contract
19. Offer is not terminated by…………….
A. Lapse of time specified
B. Rejection of the offer by the offeree
C. The performance of the contract is legal

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20. ……………. is a formal agreement where everything stated in the
agreement has been done by the people involved
A. An executed contract
B. A void contract
C. An executory contract
The end