Contract Law

What is 'Force majeure' in a contract?

• The act of compensating for losses or damages

• The events or circumstances beyond the control of the parties

• The statements made by one party regarding facts

• The transfer of rights from one party to another

What does 'Party' refer to in a contract?

• Individuals involved in the contract

• Entities involved in the contract

• Both individuals and entities involved in the contract

• None of the above

What are 'Remedies' in a contract?

• The responsibilities or duties of each party

• The actions or compensation available in case of breach

• The statements made by one party regarding facts

• The geographical location where disputes are resolved

Something of value exchanged between parties in a contract.

• Obligations

• Specific

  performance

• Offer

• Consideration

Answer explanation

Consideration: Lời cam kết/ hứa (mua bán

Failure to fulfill the terms of a contract.

• Counter-offer

• Assignor

• Damages

• Breach of

  contract

Answer explanation

Breach of contract: Sự vi phạm hợp đồng

What is Contract

• A legally binding agreement between two or more parties.

• Something of value exchanged between parties in a contract.

• A contract made by spoken words.

• Duties or actions a party must perform under a contract

Answer explanation

Contract: Hợp đồng

What is Offer?

• Duties or actions a party must perform under a contract.

• Failure to fulfill the terms of a contract.

• A proposal by one party to enter into a contract with another.

• Something of value exchanged between parties in a contract.

Answer explanation

Offer: Đề nghị

What is Acceptance?

• A contract made by spoken words.

• Agreement to the terms of an offer, forming a contract

• A legally binding agreement between two or more parties

• Entitlements or claims a party has under a contract

Answer explanation

Acceptance: chấp nhận

A new offer made in response to an original offer, rejecting the original offer.

• Assignee

• Counter-offer

• Breach of

  contract

• Contract

Answer explanation

Counter-offer: Đề nghị đối ứng

(Counter: khắc tin, đối phó đc...)

Fundamental aspects of a contract, like price and subject matter, that must be agreed upon.

• Oral contract

• Specific

  performance

• Essential terms

• Consideration

Answer explanation

Essential terms: Các điều khoản cơ bản

(Essential: Thiết yếu, cơ bản)