Podcast
Questions and Answers
What are the three key elements of a binding contract?
What are the three key elements of a binding contract?
Offer, Acceptance, Consideration
What is the notion of Free Contract in terms of contract law?
What is the notion of Free Contract in terms of contract law?
The parties to the contract must have entered into the agreement freely.
Explain the difference between Bilateral and Unilateral Contracts.
Explain the difference between Bilateral and Unilateral Contracts.
Bilateral contracts involve a promise from both parties, while unilateral contracts involve a promise from one party in exchange for an act from the other.
What is the initial step in the completion of a contract?
What is the initial step in the completion of a contract?
What are the essential elements of a contract?
What are the essential elements of a contract?
What must the purpose of an agreement in a contract not be?
What must the purpose of an agreement in a contract not be?
What are the three key elements of an offer that must be present to make it acceptable by another party?
What are the three key elements of an offer that must be present to make it acceptable by another party?
How is an invitation to treat different from an offer?
How is an invitation to treat different from an offer?
What is the part of the contract process that is most dependent on the second party involved?
What is the part of the contract process that is most dependent on the second party involved?
In what ways can an offer be made?
In what ways can an offer be made?
If any three key elements of an offer are not present to a satisfying degree, what will be the result?
If any three key elements of an offer are not present to a satisfying degree, what will be the result?
What does the party do during the acceptance stage of the contract process?
What does the party do during the acceptance stage of the contract process?
Who can accept an offer?
Who can accept an offer?
What is the final stage of a contract?
What is the final stage of a contract?
What items can be exchanged as part of the consideration in a contract?
What items can be exchanged as part of the consideration in a contract?
What is one of the essential elements of a valid contract?
What is one of the essential elements of a valid contract?
Under what conditions can a contract be considered voidable?
Under what conditions can a contract be considered voidable?
In a contract, who must acceptance be made in accordance with?
In a contract, who must acceptance be made in accordance with?
Flashcards are hidden until you start studying
