Quiz on Contract (Al-’Aqad)

What is the literal meaning of 'al-’aqad'?

• To break

• To tie

• To create

• To dissolve

Which of the following is NOT a pillar of a valid contract according to the Hanafi school?

• Legal Evidence

• Subject Matter

• Sighah

• Contracting Parties

What does 'iltizam' refer to in the context of contracts?

• Obligation

• Agreement

• Promise

• Offer

According to the text, what is the primary purpose of a contract?

• To satisfy the consent of both parties

• To create confusion

• To establish a promise

• To enforce legal penalties

Which of the following is a technical meaning of contract according to Qadri Basha?

• A unilateral commitment

• A connection of offer and acceptance

• A legal obligation

• A promise to perform

What is the main difference between a contract and a promise?

• Contracts require mutual consent, promises do not

• Contracts are always written, promises are verbal

• Contracts are enforceable by law, promises are not

• Contracts involve only one party, promises involve two

Which of the following is an example of a unilateral commitment?

• Gift

• Sale agreement

• Lease

• Partnership

What is the significance of the Quran in the context of contracts?

• It prohibits all forms of contracts

• It prescribes various types of contracts

• It is irrelevant to contracts

• It only mentions contracts in passing

What does 'wa’ad' signify in contract terminology?

• A legal obligation

• A binding agreement

• A promise of willingness

• A type of sale

Which of the following best describes 'sighah'?

• The offer and acceptance in a contract

• The subject matter of a contract

• The legal implications of a contract

• The parties involved in a contract