This document contains questions about contracts for a revision exam. It asks about the definition of a contract and characteristics of a valid contract. It also asks about terms related to contracts like offer, offerer, offeree and consideration. Other questions address ways contracts can be discharged and categories of persons not having capacity to enter contracts. Specific legal terms like discharge of contract, executory consideration and frustration of contract are also defined. Examples of simple contracts and specialty contracts are provided to determine the type of contract.

1. C S E C R E V I S I O N Q U E S T I O N S
R M A C C O U N T S E D
CONTRACTS
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2. What is a contract?
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3. State FOUR of the seven
characteristics of a valid
contract.
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4. What exactly is “an invitation
to treat”?.
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5. Give meaning to the following
terms:
offer
offerer
offeree
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6. Consideration (price for/to secure legal
obligation) is a very valuable part of a
contract.
Identify THREE of its essential
features.
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7. Name THREE categories of
persons who the “law” declares
in principal as not having the
“capacity” to bind themselves in
a contract.
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8. Identify THREE ways a simple
contract differs from a specialty
contract.
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9. What do the following terms
really mean:
discharge of contract
executory consideration
frustration (of contract)
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10. What do the following terms
really mean:
discharge of contract
executory consideration
frustration (of contract)
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11. Discuss THREE ways in which a
contract can be discharged.
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12. Explain the concept of „an offer‟
as it relates to making a
contract.
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13. Consider whether the following form
simple contracts and specialty
contracts.purchased a plane ticket to Australia
Purchased land lot #130 from a real estate agent
Took the public transport (bus) to Bridgetown
Entered in a hire purchase agreement with
Standards
Wrote and used a cheque to pay off a debt.
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14. For help with answers
go to
http://www.slideshare.net/ry_moore/contracts-cxc-csec
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