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5 Written questions

5 Matching questions

  1. Liquidated Damages
  2. Void Contract
  3. Statuate of Frauds
  4. Competent
  5. Third party benigivisry contract
  1. a
    requires certain classes of contract to be in writing and signed. Prevent fraud by the parties
  2. b
    Having legal capacity; capable quallified
  3. c
    A contract made for the benefit of a third person
  4. d A contract that creates no legal rights= no contract at all.
  5. e
    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

5 Multiple choice questions


  1. Involoving two intrests. 2. having two sides

  2. A person who mkaes an offer

  3. an agreement between two persons, one of whom is suing the other, in which the clamant accepts a compromise in full satisfaction of his claim (usually less)

  4. a person to whom an offer is made

  5. can be put into effect or carried out refering to legal right. eg. contract;judment

5 True/False questions

  1. Offer
    A proposal made with the purpose of obtaining and acceptance, therby creating a contract.

          

  2. Restitutionin both contract and tort a remdy that restores the status quo

          

  3. Express Contract
    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 .

          

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

          

  5. Formal Contract
    A signed, written contract

          

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