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of 28 available terms

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5 Written Questions

5 Matching Questions

  1. Quasi Contract
  2. Enforcable
  3. Offer
  4. Void Contract
  5. Parol Evidance
  1. a
    A contract that creates no legal rights= no contract at all.
  2. b
    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.
  3. c
    Rule evidance of fraud contract
  4. d
    A proposal made with the purpose of obtaining and acceptance, therby creating a contract.
  5. e
    can be put into effect or carried out refering to legal right. eg. contract;judment

5 Multiple Choice Questions


  1. Having legal capacity; capable quallified

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

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

  5. Effective; suffcient in law; legal

5 True/False Questions

  1. Voidabale
    avoidable, subject to disaffirmance, defective but not valid

          

  2. Third party benigivisry contract
    A contract whos terms are stated by the party. (verbal or written)

          

  3. Oral Contract
    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

          

  4. Damages
    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. Consideration
    The reason a person enters into a contract-Vlaue-

          

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