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5 Written questions

5 Matching questions

  1. Bilaterel
  2. Unilateral Contract
  3. Voidabale
  4. Offer
  5. Enforcable
  1. a
    can be put into effect or carried out refering to legal right. eg. contract;judment
  2. b
    A proposal made with the purpose of obtaining and acceptance, therby creating a contract.
  3. c
    avoidable, subject to disaffirmance, defective but not valid
  4. d A contract in which there is a promise on one side only, the consideration being an act rather than a promise.
  5. e
    Involoving two intrests. 2. having two sides

5 Multiple choice questions


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

  2. the announced intention of a party to a contract that she does not intend to perform her obligations under the contract

  3. 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.
  4. The statement of an untruth: A misstatement of of fact dsigned to lead one to believe that something is other then it is. (Fraud)

  5. 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 .

5 True/False questions

  1. OfferEE
    A person who mkaes an offer

          

  2. Accord of satisfaction
    The reason a person enters into a contract-Vlaue-

          

  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. Third party benigivisry contractA contract in which there is a promise on one side only, the consideration being an act rather than a promise.

          

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