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
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