5 Questions
Which of the following elements of a contract is not related to the parties' agreement?
Legality of the objects of contract
What is the primary function of an acceptance in a contract?
To communicate the offeree's consent
Which of the following statements is true about the element of intention to create legal relations?
It is presumed in commercial agreements
What is the primary purpose of the element of formalities in a contract?
To provide evidence of the contract
Which of the following elements of a contract is related to the parties' ability to enter into a legally binding agreement?
Capacity to contract
This quiz covers the essential elements of a contract, including offer and acceptance, intention to create legal relations, capacity to contract, consideration, and legality of the objects of contract. It is based on Lecture 5 of Contracts Law 1 at the University of Papua New Guinea.
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