Agreements , Law Of Contract
- Created by: Janelle101
- Created on: 04-01-21 18:55
Other questions in this quiz
2. What are Unilateral agreements ?
- Consists of a promise in exchange for an act. It follows that only one party is bound at the outset by a promise. The other's acceptance is the performance of the requested act.
- Consists of a bound between both parties on the exchange of promises which is yet to be done.
- Consists of a promise in exchange for an act. It follows that both parties is bound at the outset by a promise.
- Consists of a promise in exchange for an act.
3. What is a Contract ?
- A agreement which doesn't need to be enforced by the law.
- A written document
- A legally enforceable agreement
- A agreement
4. What is an offer?
- A definite promise to be bound
- A indefinite promise to be bound
- A definite promise
- A promise
5. An example of a Bilateral agreement?
- Alex offers to sell his bicycle to Becky for £150 and Becky accepts, thereby promising to pay £150 but later changes her mind. W
- Alex offers to sell his bicycle to Becky for £150, Becky rejects it
- Alex offers (or promises) to sell his bicycle to Becky for £150 and Becky accepts, thereby promising to pay £150
- Alex offers to sell his bicycle to Becky for £150, Becky renegotiates promising to pay £130 instead
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