CLA/CP Exam CLA/CP Contract Law and Formation Questions and Answers 2

Question 1

Which of the following is required for a valid acceptance of an offer under common law?

Accepted Answer

Mirror image of the offer terms

Answer

Under the common law mirror image rule, acceptance must match the exact terms of the offer without modification.

Question 2

Under the mailbox rule, when does an acceptance become effective?

Accepted Answer

When properly dispatched by the offeree

Answer

The mailbox rule states that acceptance is effective upon proper dispatch, not upon receipt by the offeror.

Question 3

What is the primary distinction between a bilateral and a unilateral contract?

Accepted Answer

Bilateral involves exchange of promises; unilateral requires performance to accept

Answer

A bilateral contract is formed by mutual promises, while a unilateral contract is accepted only through the offeree's complete performance.

Question 4

Which doctrine prevents a party from retracting a promise when the other party has reasonably relied on it to their detriment?

Accepted Answer

Promissory estoppel

Answer

Promissory estoppel enforces a promise without traditional consideration when the promisee has detrimentally relied on it.

Question 5

An advertisement in a newspaper is generally considered which of the following?

Accepted Answer

An invitation to negotiate, not an offer

Answer

Advertisements are typically treated as invitations to negotiate rather than binding offers because they lack specific terms directed at a particular offeree.

CLA/CP Exam Practice Test

CLA/CP Exam Practice Test

CLA/CP Exam CLA/CP Contract Law and Formation Questions and Answers 2