Quiz
C05. E
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Questions in this quiz (2)
1E.1. I can explain how the law determines the point at which a contract is formed and the legal status of contractual terms.
(a) I can identify the essential elements of a [blank_start]valid[blank_end] [blank_start]simple[blank_end] contract and situations where the law [blank_start]requires[blank_end] the contract to be in a [blank_start]particular[blank_end] form;
(b) I can explain how the law determines whether [blank_start]negotiating[blank_end] parties have [blank_start]reached[blank_end] agreement and the role of consideration in making that agreement [blank_start]enforceable[blank_end];
(c) I can explain when the parties will be regarded as [blank_start]intending[blank_end] the agreement to be [blank_start]legally[blank_end] binding and how an agreement may be [blank_start]avoided[blank_end] because of misrepresentations;
(d) I can explain how the terms of a contract are [blank_start]established[blank_end] and their status [blank_start]determined[blank_end];
(e) I can describe the effect of terms [blank_start]implied[blank_end] into contracts by sale of goods and supply of goods and services legislation;
(f) I can describe how the law controls the use of [blank_start]excluding[blank_end], [blank_start]limiting[blank_end] and [blank_start]unfair[blank_end] terms.
content:
• The essential elements of a valid simple contract.
• The legal status of statements made by negotiating parties. Offers and acceptances and the application of the rules to standard form contracts using modern forms of communication.
• The principles for establishing that the parties intend their agreement to have contractual force and how a contract is affected by a misrepresentation.
• Incorporation of express and implied terms, conditions and warranties.
• The main provisions of the Sale of Goods Act 1979 and the Supply of Goods and Services Act 1982.
• Excluding and limiting terms; the Unfair Contract Terms Act 1977 and the Unfair Terms in Consumer Contracts Regulations.- Avalid
- Bsimple
- Crequires
- Dparticular
- Enegotiating
- Freached
- Genforceable
- Hintending
- Ilegally
- Javoided
- Kestablished
- Ldetermined
- Mimplied
- Nexcluding
- Olimiting
- Punfair
2E.2. I can explain when the law regards a contract as discharged and the remedies available for breach and nonperformance.
(a) I can describe the factors which cause a contract to be [blank_start]discharged[blank_end];
(b) I can explain how the law of frustration [blank_start]provides[blank_end] an excuse for non-performance of the contract;
(c) I can explain the remedies which are available for [blank_start]serious[blank_end] and [blank_start]minor[blank_end] breaches of contract.
content:
• Discharge of a contract by [blank_start]performance[blank_end], agreement and [blank_start]breach[blank_end].
• The law relating to frustration.
• The law relating to damages.
• The remedies of specific performance, injunction, rescission, and [blank_start]requiring[blank_end] a contract party to pay the agreed price.- Aperformance
- Bbreach
- Cdischarged
- Dprovides
- Eserious
- Fminor
- Grequiring
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- Description
- Management Accountant (C05) Quiz on C05. E, created by Bryan Jackson on 31/12/2016.
- Author
- Bryan Jackson
- Language
- English
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