5 Questions
Explain the purpose, evolution, and scope of the law of contracts according to the given text.
The purpose, evolution, and scope of the law of contracts include understanding the principles and concepts that govern agreements, the historical development of contract law, and the extent of its application in various types of agreements and transactions.
Define a contract based on the given text.
A contract is defined as an agreement creating and defining obligations between the parties, enforceable at law, made between two or more persons, by which rights are acquired by one or more to acts or forbearances on the part of the other or others.
What are the elements of a valid contract discussed in the text?
The elements of a valid contract discussed in the text include proposal and promise, consideration, capacity to contract, consent, standard form of contracts, lawful object, and discharge of contracts with special reference to the doctrine of frustration.
According to Sir William Anson, how does he define a contract?
Sir William Anson defines a contract as an agreement enforceable at law made between two or more persons, by which rights are acquired by one or more to acts or forbearances on the part of the other or others.
Explain the concept of free consent in the context of contracts based on the text.
Free consent in the context of contracts refers to the voluntary and genuine agreement of the parties to the contract, without any coercion, undue influence, fraud, misrepresentation, or mistake. It is essential for the validity of a contract.
Test your knowledge of the general principles of contract law with this quiz on Proposal and Promise, Consideration, Lawful Object, and more. Prepare for Paper Code K-1005 with questions on the purpose, evolution, and scope of contract law, as well as the doctrine of privity of contract.
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