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

1. What is a contract?

  • An agreement giving rise to obligations which is enforceable by law
  • An offer which is then accepted
  • Something that can be created in writing, orally or by conduct
1 of 5

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

Comments

Kizzer

Report

Fantastic!

Truly

Report

Great!

Similar Law resources:

See all Law resources »