5 Questions
What are the essential elements of a valid contract?
Offer and acceptance
Which of the following is NOT a classification of contracts?
Implied contracts
Which of the following is NOT an essential part of consideration in a contract?
Competency
What is the legal rule for a valid acceptance in a contract?
Acceptance must be communicated
What is the definition of law according to Professor Holland?
The external rule of human action enforced by sovereign political authority
Test your knowledge of the law of contracts with this quiz! Explore the definition, nature, and classification of contracts, as well as the essential elements required for a valid contract. Learn about offers, acceptance, consideration, and the capacity of parties involved.
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