Contract Law Quiz
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Questions and Answers

What is the primary focus of contract law?

  • Punishing the breaching party
  • Maximizing profits for all parties involved
  • Ensuring agreements are honored (correct)
  • Dictating terms for the parties
  • In the event of a breach of contract, the injured party may seek which of the following judicial remedies?

  • Financial compensation for emotional distress
  • Public apology from the breaching party
  • Damages or rescission (correct)
  • Revocation of the entire contract
  • What is a binding agreement between actors in international law known as?

  • Global contract
  • Worldwide accord
  • International pact
  • Treaty (correct)
  • Which principle is contract law based on?

    <p>Agreements must be honored</p> Signup and view all the answers

    In general, contract law is exercised and governed under which types of jurisdictions?

    <p>Common law, civil law, or mixed-law jurisdictions</p> Signup and view all the answers

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