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5 Written questions

5 Matching questions

  1. OfferOR
  2. Bilaterel
  3. Voidabale
  4. Quasi Contract
  5. Oral Contract
  1. a
    A contract that is not written. Unless the asubject of the contract is covered by the statuate of frauds, it is jsut as valid as a written contract
  2. b
    Involoving two intrests. 2. having two sides
  3. c
    an obligation imposed by law to achieve equity, contracts imposed by the law usualy to prevent un just enrichment. A legal fiction that a contract exsists.
  4. d
    avoidable, subject to disaffirmance, defective but not valid
  5. e
    A person who mkaes an offer

5 Multiple choice questions


  1. Effective; suffcient in law; legal

  2. requires certain classes of contract to be in writing and signed. Prevent fraud by the parties

  3. The reason a person enters into a contract-Vlaue-

  4. A contract in which there is a promise on one side only, the consideration being an act rather than a promise.

  5. The sum of money that may be recovered in the courts of financial reperation for an injury or wrong suffered as a result of breech of contract or a totious act

5 True/False questions

  1. Third party benigivisry contract
    A contract in which there is a promise on one side only, the consideration being an act rather than a promise.

          

  2. Liquidated Damages
    a sum agreed upon by the parties at the time of entering into a contract as being payable by way of compensation for loss suffered by the event of a breech of contract

          

  3. Acceptance
    The accent by the person to whom an offer is made, to the offer as made by the person making it.

          

  4. Misrepresentationin both contract and tort a remdy that restores the status quo

          

  5. Restitution
    The reason a person enters into a contract-Vlaue-

          

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