14 Questions
What is a fundamental requirement for an agreement to be considered a contract?
It must be freely entered into
What does the Latin legal maxim 'consensus ad idem' translate to in English?
A meeting of the minds
What is excluded from the definition of 'persons' in contract law?
Non-human species
What is an example of a positive duty in a contractual obligation?
Performing a task
What is a characteristic of a contractual right?
A benefit received by one party
What is a requirement for a contract to be enforceable?
It must be enforceable in a court
What is an example of a domestic agreement that is not enforceable as a contract?
A promise to mow the lawn
What is implied by the phrase 'freely entered into agreement' in the context of contract law?
The parties are not under duress or coercion.
Why is a horse excluded from the definition of 'persons' in contract law?
Because it is not a human being.
What is the primary distinction between a 'right' and an 'obligation' in a contract?
A right is a benefit received, while an obligation is a duty to perform.
Why is a social agreement not considered a contract?
Because it is not enforceable in a court.
What is the purpose of the concept of 'consensus ad idem' in contract law?
To establish a meeting of the minds between parties.
What is the implication of a contract being 'enforceable in a court'?
The contract is valid and binding.
Why is a contract not considered a contract if it is not enforceable in a court?
Because it does not confer rights and impose obligations.
This quiz covers the concept of agreement and consensus in Contracts Law 1, including the essential elements of a valid agreement and the Latin legal maxim 'consensus ad idem'.
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