8: Private Law Q&A 100% Verified Accurate For Guaranteed Pass Graded A+.
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Module
PRIVATE LAW
Institution
PRIVATE LAW
What is an example of a legal fact? - correct answer Dying.
1: *No intention*: No one who dies has intentions of creating legal rights and obligations.
2: *Legal consequences:* The death nevertheless has legal consequences.
What is an example o...
What is an example of a legal fact? - correct answer Dying.
1: *No intention*: No one who dies has intentions of creating legal rights and obligations.
2: *Legal consequences:* The death nevertheless has legal consequences.
What is an example of a legal act? - correct answer Contracting.
1: *Intention*: People who engage in a contract (because of freedom to contract) have the explicit
intention of creating legal rights and obligations.
2: *Legal consequences*: The contract has legal consequences.
What is an example of a unilateral contract? - correct answer 1: Chandler (the
offerer) makes a promise in exchange for an act by Joey (the offeree).
2: If Joey acts on Chandler's promise, then Chandler is legally obligated to fulfill the contract.
3: Joey, however, cannot be forced to act (or not act), because no return promise has been made to
Chandler.
What does private law deal with? - correct answer Legal relations between
*individuals and individuals*.
Legal relations between *individuals and property*.
, Who does individuals refer to in private law? - correct answer *Natural
persons* - human beings.
*Legal persons* - companies.
What are the rights and obligations dealt with in private law? - correct answer
*Natural rights* - human rights, might differ from country to country.
*Rights/obligations by law* - the obligations created by a contract, and the freedom to do so.
What are the major branches of private law? - correct answer *Contract law*
and *tort law* which create obligations.
*Property law* which has to with a person's relation with "things".
*Family law* which concerns marriage and adoption.
*Law of succession* which concerns testaments.
*Company law* which concerns the conditions for creating companies.
Give an example of a real right. - correct answer Ownership of a car after
paying.
*Erga omnes*
You can now act as the owner of the car towards ANYONE in the world.
*Preferential claim*
If your car is in a repair shop which goes bankrupt, you have a preferential claim on your car - you can
claim it before the creditors (who are otherwise entitled to everything in the garage).
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