Rules of Contract (AQA A-Level Law): Quizzes

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Rules of contract
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What are the two fundamental principles underlying contract law?

Voluntariness & freedom to contract

Which economic theory heavily influenced 19th century contract law development?

Laissez-faire economics

How many constituent parts must be present for a valid contract?

Three

What is consideration in contract law?

Something of value exchanged by parties

Where is legal intention usually presumed to exist?

Commercial agreements

What must an offer contain to be valid?

Clear and definite terms

Which is an example of an invitation to treat?

Goods displayed on shop shelves

What happens if someone tries to change the terms when accepting an offer?

It becomes a counter-offer

Under the postal rule in Adams v Lindsell, when is acceptance by post effective?

When posted by the offeree

When does acceptance by electronic means (email/text) become effective?

Upon receipt by the offeror

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