The Concept of Contract
Contract law - an introduction really...what are those elements that make up a contract?!
- Created by: Emma
- Created on: 21-05-09 07:57
Other questions in this quiz
2. What are the basic elements of a contract?
- Parties being in agreement with one another
- Parties offering something of value to the contract
- Offer, acceptance, consideration and intention to create legal relations
- Offer and acceptance
3. If one of the elements of a contract is missing, the contract will not be enforceable in the courts
- True
- False
4. The mere fact of an agreement constitutes a contract
- False
- True
5. What does privity of contract mean?
- Only parties to a contract are bound by it and can benefit from it
- The terms and conditions of a contract are private
- Negotiations of the contract are conducted privately
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