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Questions and Answers
What principle of contract law emphasizes the idea that each individual should be allowed to make their own choices?
What principle of contract law emphasizes the idea that each individual should be allowed to make their own choices?
- Freedom of contract (correct)
- Binding force
- Contractual fairness
- The absence of formalities
Why is it challenging to prioritize one principle over another in contract law?
Why is it challenging to prioritize one principle over another in contract law?
- Because principles are self-evident
- Because principles are never without exceptions
- Because principles are broad
- Because principles can contradict each other (correct)
Which principle of contract law allows a person to conclude a contract on whatever terms they see fit?
Which principle of contract law allows a person to conclude a contract on whatever terms they see fit?
- Contractual fairness
- Freedom of contract (correct)
- The absence of formalities
- Binding force
Why does the law presume that a party will not choose unfavorable contract terms?
Why does the law presume that a party will not choose unfavorable contract terms?
Which of the following is NOT considered one of the principles governing contract law as mentioned in the text?
Which of the following is NOT considered one of the principles governing contract law as mentioned in the text?
What aspect makes it impossible for freedom of contract principle to be applied universally?
What aspect makes it impossible for freedom of contract principle to be applied universally?
How does common law differ from civil law in terms of judges' decision-making?
How does common law differ from civil law in terms of judges' decision-making?
What distinguishes Islamic contract law from secular contract laws regarding the types of agreements allowed?
What distinguishes Islamic contract law from secular contract laws regarding the types of agreements allowed?
Which aspect characterizes Islamic finance as an alternative to claiming interest on loans?
Which aspect characterizes Islamic finance as an alternative to claiming interest on loans?
In what way does common law differ from Islamic contract law in terms of discussing policy considerations?
In what way does common law differ from Islamic contract law in terms of discussing policy considerations?
What is a key factor that distinguishes Islamic contract law from secular contract laws?
What is a key factor that distinguishes Islamic contract law from secular contract laws?
How do common law judges approach the notion of a single correct outcome compared to Islamic contract law?
How do common law judges approach the notion of a single correct outcome compared to Islamic contract law?
What rule does English law speak of regarding the acceptance of an offer?
What rule does English law speak of regarding the acceptance of an offer?
In what form does the acceptance of an offer usually take place?
In what form does the acceptance of an offer usually take place?
What happens if an offeree sends an e-mail containing acceptance instead of following the specified method?
What happens if an offeree sends an e-mail containing acceptance instead of following the specified method?
What is the consequence if the acceptance does not mirror the offer according to the 'mirror image' rule?
What is the consequence if the acceptance does not mirror the offer according to the 'mirror image' rule?
What are the requirements for an acceptance to conclude a contract?
What are the requirements for an acceptance to conclude a contract?
If an offer specifies a method of acceptance, what should the offeree do?
If an offer specifies a method of acceptance, what should the offeree do?
What happens if the offer contains a time period within which it is to be accepted?
What happens if the offer contains a time period within which it is to be accepted?
When does an offer become revocable?
When does an offer become revocable?
What is the consequence of an abusive revocation of an offer?
What is the consequence of an abusive revocation of an offer?
Under what circumstances does an offer lapse?
Under what circumstances does an offer lapse?
What happens when an offer is rejected?
What happens when an offer is rejected?
Why does the law provide rules on when an offer ceases to exist?
Why does the law provide rules on when an offer ceases to exist?
What is the primary rationale underlying the supplementary duties that arise under a contract due to good faith?
What is the primary rationale underlying the supplementary duties that arise under a contract due to good faith?
Which of the following is NOT mentioned as a type of supplementary duty that can arise from good faith under a contract?
Which of the following is NOT mentioned as a type of supplementary duty that can arise from good faith under a contract?
What is the primary function of the principle of good faith in the interpretation of contractual terms?
What is the primary function of the principle of good faith in the interpretation of contractual terms?
What is described as the 'most spectacular application' of the good faith principle in contracts?
What is described as the 'most spectacular application' of the good faith principle in contracts?
Under what circumstances will a court intervene to restrict a party's contractual rights on the basis of good faith?
Under what circumstances will a court intervene to restrict a party's contractual rights on the basis of good faith?
What is described as an 'obligation' that arises from good faith in contracts according to the text?
What is described as an 'obligation' that arises from good faith in contracts according to the text?
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