Pgdl Contract Law Exam Questions And Answers

Exceptions to Parol Evidence Rule {Ans: 1. Contracts that are not wholly Written 2. Collateral Contracts 3. Where terms are particularly onerous}Does the course include negligence? {Ans: 1. Does the clause specifically refer to negligence or a synonym of negligence 2. If yes, is the clause too wide 3. If the above of yes, and the clause is not too wide, then it will exclude negligence}Promise to pay more {Ans: Performance of an existing obligation is not good consideration - in order to be good consideration something extra must be offered above one's existing obligations}Reliance Theory {Ans: Requires a reasonable belief on the part of one party, induced by the other party, that the latter had assented to the contract in question}Gives consideration {Ans: When the promisee promises to do something}Requirements for acceptance {Ans: 1. Must be mirror image of the offer 2. Must be made by an offeree 3. In response to the offer/ being aware of the offer 4. Motive for acceptance is irrelevant 5. An acceptance must be communicated}Exceptions to the above requirement for communication of acceptance {Ans: 1. For unilateral offers, only performance of the act is necessary 2.