What is a necessary requirement for a contract to be legally binding?

Topic 4 - Contract Law (Intention)

Quiz
•
Social Studies
•
University
•
Easy

Kacey Vu
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mutual friendship
Intention to create legal relationships
Verbal agreement
Handshake agreement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under the presumption for commercial agreements, how can a party rebut the assumption that the agreement is legally binding?
By stating they never agreed to anything
By showing evidence of a "binding in honour only" clause
By proving they are friends with the other party
By refusing to fulfill the contract
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the case of Rose & Frank Co v J R Crompton & Bros Ltd (1925), what did the court decide?
The agreement was legally binding
The agreement was only an honourable pledge, not legally binding
The contract was invalid due to fraud
The contract was enforceable in court
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a legally binding commercial agreement?
A husband promising to pay his wife a monthly allowance
A company signing a contract with a supplier
A friend promising to lend another friend money
A child promising to clean their room for an allowance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Balfour v Balfour (1919), why was the husband not legally obligated to pay his wife?
The contract was not in writing
The wife did not sue in time
The court ruled there was no legal intention in the agreement
The husband was outside the country
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the case Merritt v Merritt (1970) differ from Balfour v Balfour?
The agreement was between business partners
The agreement was made after separation, showing legal intent
The contract was made with a witness present
The agreement was never signed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In family or social agreements, what is generally presumed?
The agreement is legally binding
The agreement is only valid if signed
The agreement is subject to government approval
The agreement is not intended to be legally binding
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