【Questions】
7 Which of the following statements about revocation of an offer is true?
A.The postal rule applies to revocation of an offer
B.It can be revoked at any time before acceptance
C.Revocation must be communicated personally by the offeror
8 Which of the following is the correct order of payment on liquidation?
A.Floating charges, preferential debts, deferred debts, unsecured creditors
B.Floating charges, unsecured creditors, deferred debts, preferential debts
C.Preferential debts, unsecured creditors, floating charges, deferred debts
D.Preferential debts, floating charges, unsecured creditors, deferred debts
10 Breach of which of the following types of term NEVER entitles the injured party to repudiate the contract?
A.Warranties
B.Conditions
C.Innominate terms
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