KASNEB CPA Foundation Level (Kenya) · Commercial Law

Formation of a contract

17 practice questions, each with the answer and an explanation.

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All 17 questions

  1. Which of the following is an essential element of a valid simple contract?
  2. A shopkeeper displays a radio with a price tag in the shop window. In law, this display is
  3. In the case of Carlill v Carbolic Smoke Ball Co, the court held that the advertisement was
  4. A offers to sell his car to B for KSh 500,000. B replies, 'I will pay KSh 450,000.' In law, B's reply is
  5. Under the postal rule, acceptance by post takes effect when the letter is
  6. Which of these is good consideration?
  7. Tom mowed Mary's lawn last month without being asked. This week Mary promises to pay him KSh 2,000. Her promise is
  8. A contract made by a minor for necessaries such as food and clothing is generally
  9. A social agreement between friends to meet for dinner is generally NOT a contract because there is
  10. A contract that may be set aside at the option of one party, such as one induced by misrepresentation, is
  11. A contract to commit a crime is
  12. A false statement of fact made before the contract which induces the other party to enter it is called
  13. Which of the following is a remedy for breach of contract?
  14. A court orders a seller to complete the sale of a unique piece of land. This remedy is called
  15. A contract becomes impossible to perform because of a later event outside the control of both parties, such as the destruction of the subject matter. The contract is
  16. A sells goods to B and delivers them late, so B suffers loss. B can claim damages. These damages are limited by the rule of
  17. The doctrine of privity of contract means that

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