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ICAEW ACA EXAM NEWEST 2025 ACTUAL
EXAM COMPLETE 150 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
when the offeror prescribes a mode of communication of acceptance, can the offeree use an alternative mode, provided it is at least as expeditious as the mode prescribed?yes
where these is no mode of communication of acceptance prescribed, what mode should the offeree use?any
does the postal rule apply when acceptance is to be made 'by notice in writing'?no 1 / 4
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where a contract is in writing, will the courts allow the parties to rely on any terms that are agreed between them but not embodied in the written documents?yes if it can be shown that the document was not intended to comprise all the agreed terms
can a term implied by custom and practise be overridden by a written term?yes
is there a reubuttable presumption that social, domestic and family arrangements are not intended to be legally binding?yes
is there a rebuttable presumption that parties to a commercial agreement intend it to be legally binding?yes 2 / 4
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what best describes consideration?consideration must be sufficient but need not be adequate
can the payment of £1 per year as rent to a house constitute as valid consideration?yes
can 'a promise made by adam not to pursue his action for breach of contract against ben, if ben agrees to do Adams accounts for him for 12 months without charge' constitute valid consideration?yes
is performance of an existing contractual duty owed to the promisor valid consideration?no 3 / 4
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will the courts imply a term into a contract if required to do so by statute?yes
can terms be implied on the basis of a custom or practise of a particular trade?yes
are the parties to a social or domestic agreement presumed to have intended the agreement to be legally enforceable although this intention is rebuttable?no, there is a rebuttable presumption that they do no intend to create legal relations
are the parties to a commercial agreement presumed to have intended the arrangement to be legally enforceable?yes
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