Podcast
Questions and Answers
What is the term used to describe the situation where a party receives less than what they are entitled to in a contract?
What is the term used to describe the situation where a party receives less than what they are entitled to in a contract?
- Misrepresentation
- Undervaluation
- Misappropriation
- Prejudice (correct)
In the context of marital contracts, what can the court do if one spouse unreasonably withholds consent for a transaction?
In the context of marital contracts, what can the court do if one spouse unreasonably withholds consent for a transaction?
- Compel the withholding spouse to agree
- Void the entire marital contract
- Terminate the marriage contract
- Order that no consent is required (correct)
What term is used to describe the legal principle where a minor is entitled to be restored to the position they were in before entering into a contract if it is voided?
What term is used to describe the legal principle where a minor is entitled to be restored to the position they were in before entering into a contract if it is voided?
- Restitution (correct)
- Redemption
- Reformation
- Rescission
If a minor enters into a contract, what legal action can be taken by the minor upon reaching majority age to give force to the contract?
If a minor enters into a contract, what legal action can be taken by the minor upon reaching majority age to give force to the contract?
In cases of unjustified enrichment, what can a court do if one party is unfairly enriched at the expense of another?
In cases of unjustified enrichment, what can a court do if one party is unfairly enriched at the expense of another?
What is the effect of ratification on a contract entered into by a minor?
What is the effect of ratification on a contract entered into by a minor?
In the context of contracts, what does 'unjustified enrichment' refer to?
In the context of contracts, what does 'unjustified enrichment' refer to?
What is the legal term for the situation where a minor decides to proceed with a contract with the assistance of a guardian?
What is the legal term for the situation where a minor decides to proceed with a contract with the assistance of a guardian?
Why did the seller sue O in Stuttaford v Oberholzer case?
Why did the seller sue O in Stuttaford v Oberholzer case?
What happens if a minor enters into a contract unassisted and then decides not to ratify it?
What happens if a minor enters into a contract unassisted and then decides not to ratify it?
What does the case of Stuttaford v Oberholzer illustrate about contractual capacity?
What does the case of Stuttaford v Oberholzer illustrate about contractual capacity?
What is the outcome when a minor is bound by a duly assisted contract?
What is the outcome when a minor is bound by a duly assisted contract?
In the case of Wood v Davies, why was the contract considered substantially prejudicial to Wood?
In the case of Wood v Davies, why was the contract considered substantially prejudicial to Wood?
What does 'restitution' mean in the context of contract law?
What does 'restitution' mean in the context of contract law?
Under what circumstances can a minor be released from a duly assisted contract?
Under what circumstances can a minor be released from a duly assisted contract?
What legal concept states that each party must give back to the other what they received under a contract?
What legal concept states that each party must give back to the other what they received under a contract?
What can a minor do if a contract they entered into is found to be substantially prejudicial?
What can a minor do if a contract they entered into is found to be substantially prejudicial?
