Contract Essentials

PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

Question

“A contract is an agreement with the intention to have legal relations”. State the other ingredients for a valid contract. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Capacity, Consideration, Contract Essentials, Legality, Offer, Valid Contract
Level: Level 1

Topic: Contract Law
Series: APR 2023

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

Question

A) “Consideration must be real or sufficient but need not be adequate”. Explain

B) A owed B the sum of GHS1,000.00. B promised to accept the sum of GHS500.00 from A in full settlement of the debt. A agreed and made payment to B accordingly. B now demands the payment of the balance of GHS500.00. Explain whether or not B can succeed.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consideration, Contract Essentials, Debt settlement, Promissory Estoppel, Sufficiency vs Adequacy
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

Question

“A contract is an agreement with the intention to have legal relations”. State the other ingredients for a valid contract. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Capacity, Consideration, Contract Essentials, Legality, Offer, Valid Contract
Level: Level 1

Topic: Contract Law
Series: APR 2023

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

Question

A) “Consideration must be real or sufficient but need not be adequate”. Explain

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consideration, Contract Essentials, Debt settlement, Promissory Estoppel, Sufficiency vs Adequacy
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

Question Tag: Contract Essentials

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PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

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PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

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PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

You're reporting an error for "PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law"

PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract

State the ingredients for a valid contract beyond intention to create legal relations.

You're reporting an error for "PBL – APR 2023 – L1 – Q8 – Ingredients of a Valid Contract"

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

You're reporting an error for "PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law"

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