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Тест:
Contract Law
18.03.2024
Вміст тесту:
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Oral contracts are not legally enforceable.
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Goods and services can be subject matters of a contract.
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An offer is the expression of willingness to enter into contractual relations on specified terms.
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Acceptance is not required for the formation of a contract.
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Parties to the contract must be legally competent to enter into a contract.
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Consideration is not necessary for the formation of a contract.
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A counter-offer extinguishes the original offer and creates a new offer.
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Essential terms of a contract include non-material details.
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Rights and obligations of parties are not determined by the terms of the contract.
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A breaching party is the party who has not violated any terms of the contract.
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Breach of contract occurs when one party fails to fulfill its obligations under the contract.
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The non-breaching party is not entitled to any remedies in case of a breach of contract.
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Damages are the compensation awarded to the non-breaching party for the losses suffered due to the breach.
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Specific performance of a contract is a remedy that involves awarding monetary compensation.
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Assignment is the transfer of contractual rights from one party to another.
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Assignor is the party who receives the assigned rights.
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The assignee is the party who transfers the contractual rights.
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Find the matching pairs:
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A _______ is a legally binding agreement between parties.
А
contract
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To ____________ means to agree to be bound by the terms of a contract.
Б
enter into contractual relations
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__________ are agreements made verbally and are generally enforceable, although proving their terms can be more challenging.
В
Oral contracts
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__________ can be the subject matter of a contract.
Г
Goods and services
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An ______ is the expression of willingness to enter into a contract on specified terms.
Ґ
offer
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______________ is the agreement to the terms of an offer, creating a binding contract.
Д
Acceptance
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_________ are the individuals or entities who are bound by the terms of the contract.
Е
Parties to the contract
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What is missing in each sentence?
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__________ is something of value exchanged between parties to a contract, essential for the formation of a contract.
А
Consideration
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The ___________ requires an offer, acceptance, and consideration.
Б
formation of a contract
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When a party responds to an offer with modified terms, it is called ______________ .
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making a counter-offer
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_________ of a contract include the subject matter, price, and terms of performance.
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Essential terms
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____________ of parties to a contract are determined by the terms of the agreement.
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Rights and obligations
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The _____________ is the party who fails to fulfill their obligations under the contract.
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breaching party
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__________________ occurs when one party fails to perform as required by the terms of the contract.
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Breach of contract
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Fill into the gaps with correct option.
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The ____________ is the party who has not violated the terms of the contract.
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non-breaching party
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The ____________ is the party who suffers harm as a result of the breach of contract.
Б
injured party
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__________ are monetary compensation awarded to the injured party for losses resulting from the breach.
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Damages
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Courts may __________ to compensate the injured party for losses suffered due to the breach.
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award damages
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_________________ is a remedy where the court orders the breaching party to fulfill their contractual obligations.
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Specific performance of a contract
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____________is the transfer of contractual rights from one party (the assignor) to another (the assignee).
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Assignment
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Complete the crossword.
Запитання
1.
The price and the subject matter of a contract are the essential ... of a contract.
2.
Under a contract, a party has ... (that is, certain things it has to do)
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A contract which is not in the written form but has been expressed in spoken words is called ...
4.
Which noun takes all these verbs?
to accept, to make, to reject, to negotiate, to withdraw 5. When a party does not do what it has promised to do under the contract, it can be sued for... 6. It usually occurs when an offer of the contract is accepted. 7. Which noun takes this verb?
to award
8. Which noun takes all these verbs?
to assign, to accept, to create, to enforce, to transfer 9. Which noun takes all these verbs?
to breach, to create, to enforce, to form, to make 10. Which noun takes this verb?
to file
to accept, to make, to reject, to negotiate, to withdraw 5. When a party does not do what it has promised to do under the contract, it can be sued for... 6. It usually occurs when an offer of the contract is accepted. 7. Which noun takes this verb?
to award
8. Which noun takes all these verbs?
to assign, to accept, to create, to enforce, to transfer 9. Which noun takes all these verbs?
to breach, to create, to enforce, to form, to make 10. Which noun takes this verb?
to file
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