Contracts Law 1 Lecture 1: Moral Basis

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Questions and Answers

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

  • The Garden of Eden (correct)
  • The relationship between Adam and Lilith
  • The Ten Commandments
  • The Covenant with Yahova

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

  • Contractus ad idem
  • Agreementum ad idem
  • Consensus ad idem (correct)
  • Meetingum ad idem

How many national languages are recognized in Papua New Guinea?

  • Three (correct)
  • Five
  • Two
  • Four

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

<p>An agreement between two or more parties that confers rights and imposes obligations (A)</p> Signup and view all the answers

What is the Motu word for 'agreement'?

<p>Mauro (A)</p> Signup and view all the answers

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

<p>Two (D)</p> Signup and view all the answers

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

<p>It established that an advertisement can be considered an offer. (B)</p> Signup and view all the answers

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

<p>When the auctioneer is acting on behalf of the property owner. (D)</p> Signup and view all the answers

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

<p>All of the above (D)</p> Signup and view all the answers

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

<p>An offer is a firm commitment, while an invitation to treat is an invitation to negotiate. (C)</p> Signup and view all the answers

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

<p>When the offer is made through an advertisement. (D)</p> Signup and view all the answers

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

<p>Highest bid (B)</p> Signup and view all the answers

Who makes an offer in a unilateral contract?

<p>Property owner or agent (C)</p> Signup and view all the answers

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

<p>Statement of price (B)</p> Signup and view all the answers

What is the purpose of a memorandum in contract law?

<p>To seek the attention of interested buyers (C)</p> Signup and view all the answers

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

<p>Draft Agreement (A)</p> 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?

<p>Unilateral contract (A)</p> Signup and view all the answers

What is the essential element of acceptance?

<p>Unqualified agreement to the precise terms of the offer (C)</p> Signup and view all the answers

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

<p>The contract is voidable (D)</p> Signup and view all the answers

Who can accept an offer?

<p>The offeree and someone other than the offeree (B)</p> Signup and view all the answers

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

<p>To identify the business and its limitations (C)</p> Signup and view all the answers

When can silence be considered as acceptance?

<p>When the offeree has waived their right to communicate acceptance (C)</p> Signup and view all the answers

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

<p>All of the above (D)</p> Signup and view all the answers

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

<p>Business group/ILG (D)</p> Signup and view all the answers

What is the postal rule?

<p>It applies only to postal communications (B)</p> Signup and view all the answers

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

<p>Illegal contract (A)</p> Signup and view all the answers

What is the main concern in electronic commerce regarding acceptance?

<p>How to recognize and deal with electronic communications (C)</p> Signup and view all the answers

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

<p>3 million (B)</p> Signup and view all the answers

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

<p>Prostitution (D)</p> Signup and view all the answers

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

<p>Survival and relationships (A)</p> Signup and view all the answers

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

<p>Judaeo-Christianity (B)</p> Signup and view all the answers

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

<p>Lilith (B)</p> Signup and view all the answers

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

<p>Expulsion (B)</p> Signup and view all the answers

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

<p>Covenant (A)</p> Signup and view all the answers

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