5 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, the injured party may seek which of the following?
Judicial remedies such as damages or rescission
What is a binding agreement between actors in international law known as?
Treaty
In general, contract law is exercised and governed under which types of jurisdictions?
Common law, civil law, or mixed-law jurisdictions
Which principle is contract law based on?
Agreements must be honored
Test your knowledge of contract law with this quiz! Explore key concepts such as legal enforceability, rights and obligations, transfer of goods and services, and the activities and intentions of the parties involved in contracting.
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