Contract

1) Which tow of the following about the acceptance of a repudiatory breach by the innocent party are correct?
A.They can either accept the repudiation or affirm the contract.
B.They must specifically inform the other party of their acceptance of the anticipatory breach.
C.They must obtain leave of the court before purporting to repudiate the contract.
D.They need not personally notify the other of the decision to accept the repudiation.
Is answer option A and B?

2)Which of the following promises constitutes sufficient consideration in the formation of a contract?
A. To pay a worker extra remuneration in exchange for continuing to perform existing contractual duties.
B. To reimburse the costs of refurbishing a house where the promise is made after the refurbishment has been done.
C.To lease a house at an annual rent significantly below current rates.
D.To pay a subpoenaed witness an agreed monetary sum in exchange for attending court.
Answer-A?

3)Which two the following are used to distinguish between term and representation?
A.Whether the buyer had any specialist knowledge.
B.The importance that the buyer attached to the statement.
C.Whether the statement was added to a later written statement.
D.The timing of the statement.
Answer A and D?

4)The communication of acceptance is not necessary in which type of contract below?
A.A bilateral contract
B.A contract by deed
C.A unilateral contract
D.A bilateral contract.
Answer B?