10 Questions
What is the term used to describe a situation where one person signifies to another his willingness to do or abstain from doing something, with the aim of obtaining the assent of the other party?
Proposal
What is the term used when the person to whom the proposal is made signifies his assent to it?
Acceptance
Who is referred to as the 'promisee' in the context provided?
The person accepting the proposal
What is termed as 'consideration' in the given context?
The act of one party doing or abstaining from doing something at the desire of the promisor
What do reciprocal promises refer to?
'Promises that form part of the consideration for each other'
What does an agreement not enforceable by law termed as?
'Void Agreement'
In what situation does a proposal become a promise?
When it is accepted by the other party
Who is known as the 'promisor' according to the content provided?
'Person making the proposal'
What term is used for every promise and set of promises that form consideration for each other?
'Agreement'
'Contract' is defined as what in the provided content?
'An agreement enforceable by law'
Explore the understanding of sections 2 and 10 of a legal act. Learn about the definition of 'Proposal', 'Acceptance', and 'Promise' within the context of the act.
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