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Questions and Answers
Which of the following is NOT a characteristic of a contract?
Which of the following is NOT a characteristic of a contract?
- It may involve the transfer of money
- It can only be entered into by two parties (correct)
- It involves the transfer of goods or services
- It is a legally enforceable agreement
What is the term used to describe the activities and intentions of the parties entering into a contract?
What is the term used to describe the activities and intentions of the parties entering into a contract?
- Agreement
- Binding
- Transacting
- Contracting (correct)
In the event of a breach of contract, what remedies may the injured party seek?
In the event of a breach of contract, what remedies may the injured party seek?
- Rescission
- Compensation (correct)
- Mediation
- Apology
What is a binding agreement between actors in international law called?
What is a binding agreement between actors in international law called?
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Which legal jurisdictions can govern contract law?
Which legal jurisdictions can govern contract law?
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