10 Questions
What is a contract?
An agreement specifying legally enforceable rights and obligations between two or more parties
In the event of a breach of contract, what remedies may the injured party seek?
Damages or rescission
What is a binding agreement between actors in international law known as?
Treaty
In which field of law are contracts and their obligations governed?
Contract law
In general, how does contract law vary between jurisdictions?
It varies between common law, civil law, or mixed-law jurisdictions
What does a contract typically involve?
The transfer of goods, services, money, or a promise to transfer any of those at a future date.
What judicial remedies may the injured party seek in the event of a breach of contract?
Damages or rescission.
What is a binding agreement between actors in international law known as?
A treaty.
On what principle is contract law based?
The principle that agreements must be honored.
Under what jurisdictions is contract law exercised and governed?
Common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elements of both common and civil law.
Test your knowledge of contracts with this quiz! Explore the key concepts of legally enforceable agreements, rights, and obligations between parties. Assess your understanding of contract types, terms, and the transfer of goods, services, and money.
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