- 1 Marks
BCL – L1 – SA – Q3 – Contract Law
Question
What is a contractual obligation?
A A moral duty
B A legal duty arising from a contract
C An obligation imposed by the government.
D A duty only applicable to businesses
Answer
B
Explanation:
A contractual obligation is a legal duty that arises from the terms of a contract agreed upon by the parties involved. It is not a moral duty (A), not imposed by the government (C), and applies to any contracting parties, not just businesses (D). Option B is correct.
- Tags: Business law, Contracts, Contractual Obligation, Legal Duty
- Level: Level 1
- Topic: Contract Law
- Uploader: Samuel Duah