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Questions and Answers
What is a fundamental requirement of an agreement in a contract?
What is a fundamental requirement of an agreement in a contract?
- The parties must have a written agreement
- The parties must be of the same nationality
- The parties must have a witness present
- The parties must have a consensus ad idem (correct)
Which of the following is NOT a characteristic of a contract?
Which of the following is NOT a characteristic of a contract?
- The parties must have a blood relationship (correct)
- An agreement between two or more parties
- The legal system will enforce the contract
- The parties must confer rights and impose obligations
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?
- Duty
- Right (correct)
- Benefit
- Obligation
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?
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Which of the following is an example of a non-human entity that cannot enter into a contract?
Which of the following is an example of a non-human entity that cannot enter into a contract?
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What is the term for the enforceability of a contract in a court?
What is the term for the enforceability of a contract in a court?
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What is the term for an agreement that is not enforceable in a court?
What is the term for an agreement that is not enforceable in a court?
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