What is a key ingredient missing in agreements that don't translate to legally binding contracts?

2.23 Intention to create legal relations

Quiz
•
Financial Education
•
12th Grade
•
Easy
Deeky Mvula
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Written agreement
Handshake
Intention to create legal relations
Verbal confirmation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the case of Rose & Frank Co v J. R. Crompton & Bros (1925), what did the parties clearly state about their agreement?
They intended to create a legally binding contract
They didn't intend to create a legally binding contract
They were unsure about the legal implications
They left it to the court to decide
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main factor that separates social and domestic agreements from commercial agreements?
The presence of witnesses
The amount of money involved
The intention to create legal relations
The location of the agreement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which situation might a social agreement have significant consequences and be considered legally binding?
Agreeing to watch a movie together
A serious bet with a friend
Helping a family member with a chore
Splitting a pizza with a friend
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of agreements are typically based on trust and goodwill rather than legal obligations?
Written contracts
Verbal agreements
Social and domestic agreements
Commercial agreements
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are 'Letters of comfort' in the context of agreements?
Moral support or assurances
Legally binding promises
Formal guarantees
Blueprints for future deals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the general presumption about commercial agreements regarding the intention to create legal relations?
They are presumed to have no legal intent
They are presumed to have the intention to create legal relations
They are never enforceable by law
They are always legally binding
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
Unit 1 Quiz 1 Personal Finance

Quiz
•
9th - 12th Grade
16 questions
BUAW odd one out

Quiz
•
12th Grade
14 questions
Free Enterprise System

Quiz
•
12th Grade - University
10 questions
Basics of Cryptocurrency Quiz

Quiz
•
12th Grade
12 questions
Chapter 4.2 Vocab

Quiz
•
9th - 12th Grade
11 questions
NGPF: Types of Credit_Vocabulary

Quiz
•
9th - 12th Grade
20 questions
FP2 - 2.01 Practice

Quiz
•
12th Grade
18 questions
Taxes Quiz

Quiz
•
10th Grade - University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade