Contracts Law 1 Lecture 1: Moral Basis

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What is the concept of 'law' rooted in, according to the biblical account?

The Garden of Eden

What is the Latin legal maxim that means 'meeting of the minds'?

Consensus ad idem

How many national languages are recognized in Papua New Guinea?

Three

What is the definition of a contract according to Contract Law 1?

An agreement between two or more parties that confers rights and imposes obligations Signup and view all the answers

What is the Motu word for 'agreement'?

Mauro Signup and view all the answers

What is the minimum number of parties required to form a contract?

Two Signup and view all the answers

What is the significance of the Carlill v Carbolic Smoke Ball Co case?

It established that an advertisement can be considered an offer. Signup and view all the answers

In what scenario is an auctioneer considered the agent of the property owner?

When the auctioneer is acting on behalf of the property owner. Signup and view all the answers

What is an example of a specialist skill mentioned in the text?

All of the above Signup and view all the answers

What is the difference between an offer and an invitation to treat?

An offer is a firm commitment, while an invitation to treat is an invitation to negotiate. Signup and view all the answers

In what scenario is there no requirement for communication of acceptance?

When the offer is made through an advertisement. Signup and view all the answers

What is the term used to describe the highest bid in an auction?

Highest bid Signup and view all the answers

Who makes an offer in a unilateral contract?

Property owner or agent Signup and view all the answers

What type of statement is 'Selling - K20,000.00 ono'?

Statement of price Signup and view all the answers

What is the purpose of a memorandum in contract law?

To seek the attention of interested buyers Signup and view all the answers

What is the term used to describe a record of future intention of parties that is non-binding?

Draft Agreement Signup and view all the answers

In what type of contract does one party make an offer, and the other party accepts, but only if they perform an act?

Unilateral contract Signup and view all the answers

What is the essential element of acceptance?

Unqualified agreement to the precise terms of the offer Signup and view all the answers

What is the consequence of a person being of unsound mind in relation to a contract?

The contract is voidable Signup and view all the answers

Who can accept an offer?

The offeree and someone other than the offeree Signup and view all the answers

What is the purpose of the objects clause in a company's constitution?

To identify the business and its limitations Signup and view all the answers

When can silence be considered as acceptance?

When the offeree has waived their right to communicate acceptance Signup and view all the answers

What is the significance of the time of acceptance in relation to electronic commerce?

All of the above Signup and view all the answers

Which type of legal entity has all powers, but cannot deal with customary land?

Business group/ILG Signup and view all the answers

What is the postal rule?

It applies only to postal communications Signup and view all the answers

What is the term for a contract that is prohibited by statute or is otherwise illegal?

Illegal contract Signup and view all the answers

What is the main concern in electronic commerce regarding acceptance?

How to recognize and deal with electronic communications Signup and view all the answers

What is the threshold amount for government contracts under the Government Contracts Act?

3 million Signup and view all the answers

Which of the following is an example of an illegal contract at common law?

Prostitution Signup and view all the answers

What is the idea of law based on in the biblical account?

Survival and relationships Signup and view all the answers

What is the biblical principle of 'Do unto others what others do unto you' related to?

Judaeo-Christianity Signup and view all the answers

What is the name of the woman created in God's image in the biblical account?

Lilith Signup and view all the answers

What is the consequence of violating God's law in the biblical account?

Expulsion Signup and view all the answers

What is the relationship between God and the chosen people in the biblical account?

Covenant Signup and view all the answers

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