5 Written questions
5 Matching questions
- Oral Contract
- Void Contract
- Implied Contract
a person to whom an offer is made
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
Effective; suffcient in law; legal
contract implied in fact, which the law infers from the circumstances , conduct,acts, or the relationshipsof the parties rather than their spoken words. 2. contracts implied in law which are quasi contracts or constructive .
- e A contract that creates no legal rights= no contract at all.
5 Multiple choice questions
- Rule evidance of fraud contract
Acceptance of an offer takes place when the accaptance is mailed
A contract in which there is a promise on one side only, the consideration being an act rather than a promise.
requires certain classes of contract to be in writing and signed. Prevent fraud by the parties
A person who mkaes an offer
5 True/False questions
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
can be put into effect or carried out refering to legal right. eg. contract;judment
Anticipatory Breach →
the announced intention of a party to a contract that she does not intend to perform her obligations under the contract
Having legal capacity; capable quallified
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