BUSL 1

Descrição

Business law quiz
tessammorris
Quiz por tessammorris, atualizado more than 1 year ago
tessammorris
Criado por tessammorris mais de 8 anos atrás
45
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Resumo de Recurso

Questão 1

Questão
As a general rule, no formalities, except that a contract must be in writing, are required for a contract to be valid.
Responda
  • True
  • False

Questão 2

Questão
Contracts for alienation of land must be in writing and signed by the parties or their agents acting on written instructions.
Responda
  • True
  • False

Questão 3

Questão
An underlying principle of the law of contract namely, pacta sunt servanda is that agreements concluded should be enforceable.
Responda
  • True
  • False

Questão 4

Questão
Supervening impossibility of performance refers to an instance when a voidable contract was concluded but due to an act of God/ State the continuation of performance has become impossible.
Responda
  • True
  • False

Questão 5

Questão
Choose the 6 requirements for an offer and acceptance to be binding:
Responda
  • The offer and acceptance must be made with the intention of being bound
  • The offer must be complete
  • It must be clear and certain
  • Express acceptance
  • The offer must be addressed to a specific person or the general public
  • The offer must be communicated

Questão 6

Questão
Choose the requirements in order for duress to be present in the formation of a contract and to render such contract voidable:
Responda
  • There must be actual violence or damage or a threat of violence or damage which causes reasonable fear
  • The threat must be imminent
  • The threat must be unlawful
  • A party to the contract must be responsible for the threat
  • The threat must not cause the other party to conclude the contract

Questão 7

Questão
Essentialia are terms automatically incorporated into the contract as implied terms, unless they are excluded by the parties to the particular contract.
Responda
  • True
  • False

Questão 8

Questão
Naturalia are essential terms identify the contract as being a certain kind of contract, for example a contract of sale, employment, credit or lease.
Responda
  • True
  • False

Questão 9

Questão
A condition is a contractual term that renders the operation of a contract and consequences of a contract dependent on the occurrence or non-occurrence or a specified uncertain future event.
Responda
  • True
  • False

Questão 10

Questão
A suspensive time clause stipulates the duration of the contract, after which it ceases.
Responda
  • True
  • False

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