Aspects of contract & business law - week 4

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Slide 1: Diapositive

Cette leçon contient 21 diapositives, avec quiz interactifs et diapositives de texte.

Éléments de cette leçon

Slide 1 - Diapositive

What are the four main elements in a contract?
A
Acceptance, Consideration, Capacity and Offer
B
Terms, conditions, Offer and Offeree
C
Offer, Offeree, signature and terms
D
Acceptance, Considaration, Capacity and Offeree

Slide 2 - Quiz

Two friends have decided to form a partnership. One of them enters into an agreement on behalf of the partnership. Who is liable on this contract? Explain

Slide 3 - Question ouverte

What are the three types of misrepresentation?
A
False, Innocent, Mistaken
B
Fraudulent, Innocent and Negligent
C
Fraudulent, Mistaken, Negligent.

Slide 4 - Quiz

There are two types of contracts that minors can enter into. Which two?


A
Employment and Renting a house
B
Supply of necessary goods and consideration
C
Supply of necessary goods and Employment
D
Consideration and renting a house

Slide 5 - Quiz

Explain consideration

Slide 6 - Question ouverte

An offer was made to sell goods by a company. The offer was accepted by the buyer, but he wanted to know if payment could be done in terms. The buyer, having heard nothing, accepted the offer by sending a formal letter. 




False
True
A. the offer is not legally binding. 
B. A counter-offer has been made.  

Slide 7 - Question de remorquage

A company has delivered goods to another company as agreed.
What type of term is this? Explain

Slide 8 - Question ouverte

Which statement is true?
A: Acceptance of an offer must be in written
B: Acceptance of contracts can be verbal or written
A
Statement A
B
Statement B
C
Both statements

Slide 9 - Quiz

Express terms are automatically included in a contract by law
A
True
B
False

Slide 10 - Quiz

Express terms can be either conditions or warranties.
A
True
B
False

Slide 11 - Quiz

Implied terms are negotiable by the parties.
A
True
B
False

Slide 12 - Quiz

Company A is satisfied about the goods delivered by company B. The goods are fit for purpose.
What type of term is this? Explain

Slide 13 - Question ouverte

Read casestudy p 91. (Hedley)
What type of misrepresentation exists in this situation? Explain

Slide 14 - Question ouverte

FastBike has sold an electric bike to John. John bought this bike under the assumption that it was e new bike. This was promised to him by Fastbike. After some research on the internet he found out that he is the second owner, the bike he bought is second hand and not new as he was told.
Will this invalidate the contract? Explain.

Slide 15 - Question ouverte

Eva suffering from a mental illness bought a car from Mycars. Mycars knew this but went ahead with the contract. Eva's mother tried to call off the sale but Mycar took Eva to court.
Explain what the ruling of the court would be.

Slide 16 - Question ouverte

Give an example of an executory consideration.

Slide 17 - Question ouverte

Give an exemple of an executed consideration.

Slide 18 - Question ouverte

Mrs. Bright's company was incorporated july 1ste of this year, however she started ordering her supplies in june. Who is liable? Explain.

Slide 19 - Question ouverte

There are several factors to consider when looking at acceptance.
Describe two of three factors.

Slide 20 - Question ouverte

Good luck next week!
Any questions?

Slide 21 - Diapositive