1. Marco a professional boxer aged 17 agrees to be bound by the rules of the Adelaide Boxing Board if the Board will give him a licence to be able to box professionally in South Australia and any other States. Is this a binding contract between Marco and the Board? (A) No, as infants cannot enter into legally binding contracts. (B) Yes, as the 'service agreement' of the boxing training is to assist Marco in his profession and the licence is a 'necessary' and will be enforceable. (C) No, because the contract is for boxing and as Marco is an infant it is deemed not be a 'necessary' or beneficial to Marco. (D) No, because the contract is for boxing and this is not considered to be a sport that benefits an infant.

2. James has agreed to cater for a function for Kate. Kate is entertaining 50 guests for a fundraiser and has charged them $50 each. A week before the date of the function James tells Kate he is unable to cater for her function. Which of the following statements is incorrect? (A) James’ action constitutes an anticipatory breach (B) James has terminated the contract (C) Kate can elect to keep the contract on foot (D) Kate can accept the breach, terminate the contract and sue for damages immediately