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CONTRACT LAW EXAM COMPILATIONS. VERIFIED.
CONTRACT LAW EXAMS REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED+
[Show more]CONTRACT LAW EXAMS REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED+
[Show more]BUSINESS LAW - CONTRACT LAW QUESTIONS AND 
ANSWERS, GRADED A+ 
Contract - -between two or more parties that is enforceable by the court of law 
Elements of a contract - -1. Agreement = Proper author, Proper accepts 
2. Consideration = For something of legal value ( I agreed to pay 10K to paint appa...
Preview 2 out of 6 pages
Add to cartBUSINESS LAW - CONTRACT LAW QUESTIONS AND 
ANSWERS, GRADED A+ 
Contract - -between two or more parties that is enforceable by the court of law 
Elements of a contract - -1. Agreement = Proper author, Proper accepts 
2. Consideration = For something of legal value ( I agreed to pay 10K to paint appa...
CONTRACT LAW REVISION EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
What is an Offer? - -An offer is a clear statement of terms upon whichh a person wishes to 
be bound by. This can be orally or in writing. 
Thornton v Shoe Lane Parking - -Offer made clearly by the ticket machine as price for 
...
Preview 2 out of 8 pages
Add to cartCONTRACT LAW REVISION EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
What is an Offer? - -An offer is a clear statement of terms upon whichh a person wishes to 
be bound by. This can be orally or in writing. 
Thornton v Shoe Lane Parking - -Offer made clearly by the ticket machine as price for 
...
CONTRACT LAW QUESTIONS & ANSWERS. 100% 
ACCURATE, VERIFIED. 
What are the three elements of a contract - -1. An agreement freely made (offer and 
acceptance) 
2. An intention to be legally binding 
3. Consideration 
When can an offer be withdrawn by the offeror? - -Anytime prior to acceptance 
(re...
Preview 1 out of 2 pages
Add to cartCONTRACT LAW QUESTIONS & ANSWERS. 100% 
ACCURATE, VERIFIED. 
What are the three elements of a contract - -1. An agreement freely made (offer and 
acceptance) 
2. An intention to be legally binding 
3. Consideration 
When can an offer be withdrawn by the offeror? - -Anytime prior to acceptance 
(re...
CONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED. 
Acceptance 
An affirmative response to an offer; a communication from the offeree saying, in effect, yes 
to an offer made to them by the offeror 
ACL 
The Australian Consumer Law. Australia's main consumer protection statute, ...
Preview 3 out of 24 pages
Add to cartCONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED. 
Acceptance 
An affirmative response to an offer; a communication from the offeree saying, in effect, yes 
to an offer made to them by the offeror 
ACL 
The Australian Consumer Law. Australia's main consumer protection statute, ...
CONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ 
What are the basic functions of the law of contract? 
1) To promote certainty = contractual promises honoured allows for a process of remedy if 
contract is broken 
2) To facilitate planning = being able to plan in the future with expecta...
Preview 3 out of 22 pages
Add to cartCONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ 
What are the basic functions of the law of contract? 
1) To promote certainty = contractual promises honoured allows for a process of remedy if 
contract is broken 
2) To facilitate planning = being able to plan in the future with expecta...
CONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ 
Contract Law - -Contract law, which governs the issuance of insurance policies, is 
concerned with the obligations agreed upon between parties and stipulated in a contract. 
Contract law ensures that a contract is legally valid and that ...
Preview 2 out of 9 pages
Add to cartCONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ 
Contract Law - -Contract law, which governs the issuance of insurance policies, is 
concerned with the obligations agreed upon between parties and stipulated in a contract. 
Contract law ensures that a contract is legally valid and that ...
CONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED+ 
A contract in which both parties make promises is known as ___________ - -Bilateral 
contract 
A contract in which one party makes a promise in exchange for an act is known as 
___________ - -Unilateral contract 
A contract sta...
Preview 1 out of 3 pages
Add to cartCONTRACT LAW EXAM REVIEW QUESTIONS AND ANSWERS, 
GRADED A+/ VERIFIED+ 
A contract in which both parties make promises is known as ___________ - -Bilateral 
contract 
A contract in which one party makes a promise in exchange for an act is known as 
___________ - -Unilateral contract 
A contract sta...
CONTRACT LAW BASICS EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
Rescission - -Cancelling or terminating a contract, with the effect of returning the parties 
to their original positions before the contract was made 
Performance of a contract - -When all contract terms and conditions have been ...
Preview 1 out of 2 pages
Add to cartCONTRACT LAW BASICS EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+/ 
Rescission - -Cancelling or terminating a contract, with the effect of returning the parties 
to their original positions before the contract was made 
Performance of a contract - -When all contract terms and conditions have been ...
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