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Questions and Answers
What is the main objective of the law of contract?
What is the main objective of the law of contract?
- To bring definiteness in transactions (correct)
- To be a complete and exhaustive code
- To enforce obligations between parties
- To create Jus in Rem
When did the law of contract come into force?
When did the law of contract come into force?
- December 31, 1800
- January 1, 1900
- September 1, 1872 (correct)
- September 1, 1850
What is NOT created by the law of contract?
What is NOT created by the law of contract?
- Legal rights and obligations
- Complete and exhaustive code
- Jus in Personam
- Jus in Rem (correct)
According to Salmond, what does a contract do?
According to Salmond, what does a contract do?
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What are the two essential elements of an agreement according to the text?
What are the two essential elements of an agreement according to the text?
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