5 Written Questions
5 Matching Questions
- Quasi Contract
- Void Contract
- Parol Evidance
A contract that creates no legal rights= no contract at all.
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.
Rule evidance of fraud contract
A proposal made with the purpose of obtaining and acceptance, therby creating a contract.
can be put into effect or carried out refering to legal right. eg. contract;judment
5 Multiple Choice Questions
Having legal capacity; capable quallified
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
in both contract and tort a remdy that restores the status quo
A contract in which there is a promise on one side only, the consideration being an act rather than a promise.
Effective; suffcient in law; legal
5 True/False Questions
avoidable, subject to disaffirmance, defective but not valid
Third party benigivisry contract →
A contract whos terms are stated by the party. (verbal or written)
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
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
The reason a person enters into a contract-Vlaue-