Law of Contract – Page 7

BL – Nov 2020 – L1 – SB – Q6b – Law of Contract

Define express terms, implied terms, conditions, and warranties in a contract.

Question

Contractual agreements usually contain terms that are different in nature and importance.

Required:
Define the following terms:
i. Express terms
ii. Implied terms
iii. Conditions
iv. Warranties

Answer

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Tags: Conditions, Contract Terms, Express Terms, Implied Terms, Warranties
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

Question

A contract of insurance is a contract of utmost good faith.

Required:
i. Explain briefly the term “material fact” in a contract of insurance.
ii. State THREE exceptions to the duty of disclosure of material facts.

Answer

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Tags: Disclosure Exceptions, Insurance Contract, Material Fact, Utmost Good Faith
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2020 – L1 – SB – Q3b – Law of Contract

Explain the capacity of specific individuals to contract, focusing on drunkenness, insanity, and infant contracts.

Question

i. Capacity to contract is an important element of a legally enforceable contract.

Required:
Explain the capacity of the following persons to enter into a contract:

Drunken person
Insane person

ii. Explain a valid and binding contract on infants.
iii. Explain void contracts by infants.

Answer

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Tags: Binding Contracts, Capacity to Contract, Drunkenness, Infants, Insanity, Void Contracts
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2020 – L1 – SB – Q3a – Law of Contract

Discuss how courts assess intent to create legal relations and advise on breach in social and commercial contexts.

Question

i. A contract may be enforced if the parties have an intention to enter into a legally enforceable agreement.

Required:
Explain ONE way by which the courts determine whether or not the parties to an agreement have an intention to create legal relations.

ii. Case Scenario:
‘A’ and ‘B’ entered into an agreement to meet at a gym for their daily physical fitness exercises. ‘B’ forgot about the agreement and kept ‘A’ waiting endlessly. ‘A’ is furious and intends to sue ‘B’ for breach of agreement.

Required:
Advise ‘A’, stating the legal issue involved.

iii. Case Scenario:
‘A’ is a dealer in textile materials. He sold ten bales of textile materials to ‘B,’ his childhood friend. ‘B’ has refused to pay for the ten bales of materials, arguing that he is a friend of ‘A.’

Required:
Advise ‘A,’ who intends to sue ‘B,’ stating the legal issue involved.

iv. Case Scenario:
‘A’ promised to attend a luncheon organized by ‘B.’ ‘B’ spent a lot of money to prepare for the luncheon. ‘A’ did not turn up as agreed. ‘B’ is aggrieved and intends to sue ‘A’ for the cost of the special dish.

Required:
Advise ‘B,’ stating the legal issues involved.

Answer

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Tags: Breach of Agreement, Commercial Agreements, Contract Law, Legal Intention, Social Agreements
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

Question

9. A voluntary agreement between two or more persons, which confers legally enforceable rights, duties, and liabilities on the parties is called a/an
A. Contract
B. Offer
C. Guarantee
D. Warranty
E. Condition

Answer

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Tags: Contract, Legal Agreement, Offer and Acceptance, Rights and Duties
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – May 2012 – L1 – SB – Q4B – Law of Contract

Explain the concept of undue influence in contract law.

Question

For a contract to be binding on all the parties to it, it must not be tainted by any vitiating element. Undue influence is one of such vitiating elements.
Required: Explain briefly undue influence as a vitiating element in a contract.

Answer

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Tags: Business Law, Contract Law, Vitiating Elements
Level: Level 1

Topic: Law of Contract
Series: MAY 2012

BL – May 2012 – L1 – SB – Q4A – Law of Contract

Advise on the implications of a contract entered into by a minor.

Question

Samuel, aged 16, is the son of Chief Luke Umeh, a multi-billionaire. Two weeks ago, Samuel drove his father’s 2011 model Jeep vehicle to a car exhibition. At the exhibition, he saw a year 2012 model of the same Jeep and entered into a contract with the manufacturers to buy two of the latest Jeep. The two Jeeps were delivered to Samuel and he drives them to his secondary school to impress his school mates. The manufacturers of the Jeep, Manny Auto Engineering Limited, requested payment for the Jeeps but Samuel refused to pay, claiming that he is an infant. The manufacturers are insisting on full payment for the vehicles by Chief Umeh.
Required: Advise the following parties on the implications of their actions:
(i) The manufacturers;
(ii) Samuel; and
(iii) Chief Luke Umeh.

Answer

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Tags: Business Law, Contract Law, Minors
Level: Level 1

Topic: Law of Contract
Series: MAY 2012

BL – May 2012 – L1 – SA – Q17 – Law of Contract

Identify the term for a claim based on the value of work done.

Question

A party to a contract who claims damages on the basis of work done or as much as he deserves, is said to be claiming on:

Answer

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Tags: Business Law, Contract Law, Quantum Meruit
Level: Level 1

Topic: Law of Contract
Series: MAY 2012

BL – May 2012 – L1 – SA – Q16 – Law of Contract

Identify the Latin term that means a person is not bound by a deed due to a misunderstanding.

Question

Non est factum means:

Answer

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Tags: Business Law, Contract Law, Non Est Factum
Level: Level 1

Topic: Law of Contract
Series: MAY 2012

BL – May 2012 – L1 – SA – Q15 – Law of Contract

Identify the term for withdrawing an offer before acceptance.

Question

Withdrawal of an offer before it is accepted is also known as:

Answer

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Tags: Business Law, Contract Law, Offer
Level: Level 1

Topic: Law of Contract
Series: MAY 2012

BL – Nov 2013 – L1 – SA – Q6 – Law of Contract

Identifies the term used for agreements made via electronic medium.

Question

Agreements made through electronic medium are called

A. E-contracts
B. Valuable agreements
C. Written agreements
D. E-Mere agreements
E. Formal agreements

Answer

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Tags: Contract Law, E-Contracts, Multiple Choice
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the fundamental terms of a contract in law.

Question

The fundamental terms of a contract are called

A. Warranties
B. Conditions
C. Customs
D. Representations
E. Implied terms

Answer

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Tags: Contract Law, Contract Terms, Multiple Choice, Warranties
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term used when an original offer is rejected.

Question

The rejection of an original offer is called

A. Conditional offer
B. Conditional acceptance
C. Lack of consideration
D. Counter offer
E. Communication offer

Answer

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Tags: Contract Formation, Multiple Choice, Offer and Acceptance
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2015 – L1 – SA – Q14 – Law of Contract

Legal remedy requiring a party to fulfill a contractual promise.

Question

The remedy for a breach of contract which requires the defendant to perform a promise he made under the agreement is
A. Damages
B. Quantum Meruit
C. Injunction
D. Specific performance
E. Recision

Answer

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Tags: Breach of Contract, Contract Law, Legal Remedies, Multiple Choice
Level: Level 1

Topic: Law of Contract
Series: NOV 2015

BL – May 2018 – L1 – SB – Q2c – Law of Contract

Discuss the implications of actions during the proposal form stage of an insurance contract.

Question

State the implication of the following in a contract of insurance:
(i) An applicant gives a proposal form to an insurance agent to complete for him. (2 Marks)
(ii) The insurer gives the proposal form to the applicant to complete. (2 Marks)
(iii) The applicant completes and submits the proposal form to the insurer. (2 Marks)

Answer

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Tags: Insurance Contract, Legal obligations
Level: Level 1

Topic: Law of Contract
Series: MAY 2018

BL – May 2018 – L1 – SA – Q11 – Law of Contract

Identify when a contract may be valid without consideration.

Question

A contract may be valid without consideration if it
A. Has exclusion term
B. Has warranty
C. Is by deed
D. Is implied
E. Is made express

Answer

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Tags: Consideration, Contract, Legal Requirements
Level: Level 1

Topic: Law of Contract
Series: MAY 2018

BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract

Advise Ogogo on Ibrahim’s argument that he sold the vehicle to his incorporated company.

Question

Ibrahim agreed to sell a vehicle to Ogogo. He subsequently incorporated Ibrahim Limited and sold the vehicle to it at a better profit.

Ogogo has approached you for advice.

Required:
Advise Ogogo on Ibrahim’s argument that he has sold the vehicle to Ibrahim Limited, which is a corporate entity.

Answer

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Tags: Contract Law, Corporate Entity, Sale of Goods
Level: Level 1

Topic: Company Law, Law of Contract
Series: MAY 2022

BL – Nov 2014 – L1 – SA – Q14 – Law of Contract

Identifying an element that is not essential to a contract

Question

The essential elements of a contract include the following EXCEPT:
A. Offer
B. Acceptance
C. Consideration
D. Intention to create legal relationship
E. Invitation to treat

Answer

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Tags: Contract Law, Essential Elements, Legal Requirements
Level: Level 1

Topic: Law of Contract
Series: NOV 2014

BL – May 2022 – L1 – SB – Q3b – Law of Contract

State five remedies for breach of contract and identify the one most applicable to the scenario.

Question

Christy had contracted ABANDAB Photo Studios to cover her wedding photography and made full payment for the services. However, on the day of the wedding, ABANDAB Photo Studios failed to turn up. Christy had to engage another photographer. She has come to you for advice on the remedies available to a person who is a victim of breach of contract.

Required:
State FIVE remedies available for breach of contract and identify the ONE that suits Christy’s situation and why.

Answer

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Tags: Breach of Contract, Remedies, Wedding Photography
Level: Level 1

Topic: Law of Contract
Series: MAY 2022

BL – Nov 2022 – L1 – SB – Q3c – Law of Contract

Explaining fundamental breach and the elements of misrepresentation.

Question

Misrepresentation in a contract affects the validity of the contract.

Required:
i. Explain “fundamental breach” and its effect on a contract (4 Marks).
ii. State four elements of misrepresentation (4 Marks)

Answer

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Tags: Contract Law, Fundamental Breach, Misrepresentation
Level: Level 1

Topic: Law of Contract
Series: NOV 2022

Topic: Law of Contract

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BL – Nov 2020 – L1 – SB – Q6b – Law of Contract

Define express terms, implied terms, conditions, and warranties in a contract.

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BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

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BL – Nov 2020 – L1 – SB – Q3b – Law of Contract

Explain the capacity of specific individuals to contract, focusing on drunkenness, insanity, and infant contracts.

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BL – Nov 2020 – L1 – SB – Q3a – Law of Contract

Discuss how courts assess intent to create legal relations and advise on breach in social and commercial contexts.

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BL – Nov 2020 – L1 – SA – Q9 – Law of Contract

Objective question on understanding the nature of legally enforceable agreements.

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BL – May 2012 – L1 – SB – Q4B – Law of Contract

Explain the concept of undue influence in contract law.

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BL – May 2012 – L1 – SB – Q4A – Law of Contract

Advise on the implications of a contract entered into by a minor.

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BL – May 2012 – L1 – SA – Q17 – Law of Contract

Identify the term for a claim based on the value of work done.

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BL – May 2012 – L1 – SA – Q16 – Law of Contract

Identify the Latin term that means a person is not bound by a deed due to a misunderstanding.

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BL – May 2012 – L1 – SA – Q15 – Law of Contract

Identify the term for withdrawing an offer before acceptance.

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BL – Nov 2013 – L1 – SA – Q6 – Law of Contract

Identifies the term used for agreements made via electronic medium.

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BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the fundamental terms of a contract in law.

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BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term used when an original offer is rejected.

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BL – Nov 2015 – L1 – SA – Q14 – Law of Contract

Legal remedy requiring a party to fulfill a contractual promise.

You're reporting an error for "BL – Nov 2015 – L1 – SA – Q14 – Law of Contract"

BL – May 2018 – L1 – SB – Q2c – Law of Contract

Discuss the implications of actions during the proposal form stage of an insurance contract.

You're reporting an error for "BL – May 2018 – L1 – SB – Q2c – Law of Contract"

BL – May 2018 – L1 – SA – Q11 – Law of Contract

Identify when a contract may be valid without consideration.

You're reporting an error for "BL – May 2018 – L1 – SA – Q11 – Law of Contract"

BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract

Advise Ogogo on Ibrahim’s argument that he sold the vehicle to his incorporated company.

You're reporting an error for "BL – May 2022 – L1 – SB – Q6b – Company Law | Law of Contract"

BL – Nov 2014 – L1 – SA – Q14 – Law of Contract

Identifying an element that is not essential to a contract

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BL – May 2022 – L1 – SB – Q3b – Law of Contract

State five remedies for breach of contract and identify the one most applicable to the scenario.

You're reporting an error for "BL – May 2022 – L1 – SB – Q3b – Law of Contract"

BL – Nov 2022 – L1 – SB – Q3c – Law of Contract

Explaining fundamental breach and the elements of misrepresentation.

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