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Contracts Law 1: Elements of Contract

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Questions and Answers

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?

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?

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?

<p>To provide evidence of the contract</p> Signup and view all the answers

Which of the following elements of a contract is related to the parties' ability to enter into a legally binding agreement?

<p>Capacity to contract</p> Signup and view all the answers

Contracts Law 1: Elements of Contract

Choose a study mode

Podcast

Questions and Answers

Which of the following elements of a contract is not related to the parties' agreement?

What is the primary function of an acceptance in a contract?

Which of the following statements is true about the element of intention to create legal relations?

What is the primary purpose of the element of formalities in a contract?

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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