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Questions and Answers
Which of the following elements of a contract is not related to the parties' agreement?
Which of the following elements of a contract is not related to the parties' agreement?
- Capacity to contract
- Legality of the objects of contract (correct)
- Intention to create legal relations
- Formalities
What is the primary function of an acceptance in a contract?
What is the primary function of an acceptance in a contract?
- To communicate the offeree's consent (correct)
- To provide consideration for the offer
- To create a legal obligation
- To establish the capacity to contract
Which of the following statements is true about the element of intention to create legal relations?
Which of the following statements is true about the element of intention to create legal relations?
- It is presumed in commercial agreements (correct)
- It is only required in written contracts
- It is presumed in domestic agreements
- It is never presumed in any agreement
What is the primary purpose of the element of formalities in a contract?
What is the primary purpose of the element of formalities in a contract?
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Which of the following elements of a contract is related to the parties' ability to enter into a legally binding agreement?
Which of the following elements of a contract is related to the parties' ability to enter into a legally binding agreement?
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