13 Questions
What is the primary meaning of 'consensus ad idem' in the context of contracts?
Meeting of the minds
What is the term for a duty to do something in a contract?
Positive duty
What is the term for the right to receive a benefit in a contract?
Right
What is the primary requirement for a contract to be enforceable?
It must be enforceable in a court
What is the term for the agreement in Pidgin?
Numi wan bel laka
What is excluded from the definition of persons in a contract?
Non-human species
What is the fundamental principle underlying a contract?
The meeting of the minds between parties
Which of the following is an example of a negative duty in a contract?
Not moonlighting
What is the primary characteristic that distinguishes a contract from a domestic or social agreement?
The enforcement of rights and duties
Which of the following languages is not a national language of Papua New Guinea?
Latin
What is the primary consequence of failing to fulfill an obligation in a contract?
The parties suffer penalties
What is the term for the benefit received by a party in a contract?
Right
Which of the following is not a characteristic of an agreement in a contract?
Imposed by a third party
Test your understanding of Contracts Law 1, covering the definition of an agreement, its essential elements, and the concept of consensus ad idem. Learn about the legal principles governing agreements and contracts in Papua New Guinea.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
