Podcast
Questions and Answers
What is the primary meaning of 'consensus ad idem' in the context of contracts?
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?
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?
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?
What is the primary requirement for a contract to be enforceable?
What is the term for the agreement in Pidgin?
What is the term for the agreement in Pidgin?
What is excluded from the definition of persons in a contract?
What is excluded from the definition of persons in a contract?
What is the fundamental principle underlying a contract?
What is the fundamental principle underlying a contract?
Which of the following is an example of a negative duty in a contract?
Which of the following is an example of a negative duty in a contract?
What is the primary characteristic that distinguishes a contract from a domestic or social agreement?
What is the primary characteristic that distinguishes a contract from a domestic or social agreement?
Which of the following languages is not a national language of Papua New Guinea?
Which of the following languages is not a national language of Papua New Guinea?
What is the primary consequence of failing to fulfill an obligation in a contract?
What is the primary consequence of failing to fulfill an obligation in a contract?
What is the term for the benefit received by a party in a contract?
What is the term for the benefit received by a party in a contract?
Which of the following is not a characteristic of an agreement in a contract?
Which of the following is not a characteristic of an agreement in a contract?
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