Contracts Law 1: Lecture 2 - Agreement and Consensus
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Questions and Answers

What is the primary meaning of 'consensus ad idem' in the context of contracts?

  • Freely entered into agreement
  • Agreement in writing
  • Meeting of the minds (correct)
  • Enforceable in a court

    • What is the term for a duty to do something in a contract?

  • Positive duty (correct)
  • Enforceable duty
  • Implied duty
  • Negative duty

    • What is the term for the right to receive a benefit in a contract?

  • Right (correct)
  • Obligation
  • Duty
  • Liability

    • What is the primary requirement for a contract to be enforceable?

    <p>It must be enforceable in a court (B)</p> Signup and view all the answers

    What is the term for the agreement in Pidgin?

    <p>Numi wan bel laka (A)</p> Signup and view all the answers

    What is excluded from the definition of persons in a contract?

    <p>Non-human species (D)</p> Signup and view all the answers

    What is the fundamental principle underlying a contract?

    <p>The meeting of the minds between parties (D)</p> Signup and view all the answers

    Which of the following is an example of a negative duty in a contract?

    <p>Not moonlighting (D)</p> Signup and view all the answers

    What is the primary characteristic that distinguishes a contract from a domestic or social agreement?

    <p>The enforcement of rights and duties (C)</p> Signup and view all the answers

    Which of the following languages is not a national language of Papua New Guinea?

    <p>Latin (C)</p> Signup and view all the answers

    What is the primary consequence of failing to fulfill an obligation in a contract?

    <p>The parties suffer penalties (A)</p> Signup and view all the answers

    What is the term for the benefit received by a party in a contract?

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

    Which of the following is not a characteristic of an agreement in a contract?

    <p>Imposed by a third party (A)</p> Signup and view all the answers

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