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5 Written questions

5 Matching questions

  1. Void Contract
  2. Consideration
  3. Express Contract
  4. Competent
  5. Liquidated Damages
  1. a
    The reason a person enters into a contract-Vlaue-
  2. b
    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. c
    A contract whos terms are stated by the party. (verbal or written)
  4. d
    Having legal capacity; capable quallified
  5. e A contract that creates no legal rights= no contract at all.

5 Multiple choice questions


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

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

  3. 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. Rule evidance of fraud contract

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

5 True/False questions

  1. Meeting of the Minds
    The mutual assent of the parties to a contract with respect to all the prinicipal terms of the contract

          

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

          

  3. Formal 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. OfferOR
    A person who mkaes an offer

          

  5. Bilaterel
    Involoving two intrests. 2. having two sides