Contract Law Essentials Quiz

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Questions and Answers

Which term refers to making a firm decision about a particular matter?

  • Cancellation
  • Agreement
  • Assurance
  • Resolve (correct)

What does 'obligate' mean in the context of a legal or moral duty?

  • Obligate (correct)
  • Party
  • Engage
  • Establish

Which term means to officially set up or found something?

  • Provision
  • Determine
  • Engage
  • Establish (correct)

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Study Notes

Decision Making and Obligations

  • Resolving refers to making a firm decision about a particular matter.
  • Obligate means to bind or commit someone to a legal or moral duty, making them responsible for fulfilling it.

Establishing Organizations

  • Institute means to officially set up or found something, such as an organization or a system.

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