Mastering Contract Law

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Questions and Answers

Which of the following best describes contract law?

  • A process that creates a framework within which a contract is created
  • The subject matter of the contract and its delivery
  • A set of legal principles and rules that allow enforceable agreements to be created (correct)
  • The rights and obligations a party has in a contract

Which of the following is a substantive aspect of contracts?

  • The terms for payment and length of contract
  • The process that creates a framework within which a contract is created
  • The subject matter of the contract and its delivery (correct)
  • The rights and obligations a party has in a contract

What are contracts?

  • The subject matter of the contract and its delivery
  • The rights and obligations a party has in a contract
  • Agreements that are enforceable through legal principles and rules (correct)
  • The process that creates a framework within which a contract is created

What is the primary focus of contract law?

<p>Creating a framework for contract formation (D)</p> Signup and view all the answers

What are the substantive aspects of contracts within the control of the parties?

<p>The rights and obligations a party has in a contract (B)</p> Signup and view all the answers

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