Practice Types Of Contracts & Features (3) - General Principles of Contracts Management

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9 questions

Flashcard drill
3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is a valid contract?
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Think about the elements that make a contract enforceable.
Question 2.
Give an example of a void contract.
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Consider situations where legality is compromised.
3Question 3.
Which of the following is a characteristic of a valid contract?
- It must be void
- Consent must be free
- It must have an unlawful objective
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Consider the essential requirements of contract formation.
4Question 4.
True or False: A void contract can still be enforced in court.
- True
- False
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Reflect on legality and enforceability.
Question 5.
Create a scenario in which a contract would be reportable as void, and explain the reasoning behind it.
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Consider the legal implications of the agreement.
Question 6.
Draft a simple voidable contract where one party has an option to rescind based on specific circumstances.
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Think about pressure tactics and timelines for rescinding.

5 more questions in this section. Enroll free to practise them all.