Law Of Contract And Tort at University Of The West Indies, Mona | Flashcards & Summaries

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TESTE DEIN WISSEN
What is consideration?
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TESTE DEIN WISSEN
  • It is defined as some rights, interest, profit or benefits occurring to one party, or some forbearance, detriment, loss or responsibility given, suffered or take undertaken by the other

  • You may also be an act, I promise to do an act or the promise not to do something
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TESTE DEIN WISSEN
Contracts made by an infant may be classified as:
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TESTE DEIN WISSEN
  • Valid contracts 
  • voidable contract 
  • void contracts
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TESTE DEIN WISSEN
Can Yes offer be made expressly by written or spoken words or can it be implied from the conduct of the parties?
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TESTE DEIN WISSEN
Yes
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TESTE DEIN WISSEN
what is a simple contract?
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TESTE DEIN WISSEN
A simple contract may be oral or in writing or simply be implied by the conduct of the parties
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TESTE DEIN WISSEN
Part Payment of a Debt

Will payments of a smaller amount discharge adept for a larger amount?
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TESTE DEIN WISSEN
No
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TESTE DEIN WISSEN
explain intention to create legal relations
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TESTE DEIN WISSEN
This means that there are intention by both parties to create legal relations, however it is not enforceable due to the fact that both parties did not contemplate on any legal ties
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TESTE DEIN WISSEN
What is meant by consent must be genuine in a valid contract?
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TESTE DEIN WISSEN
It means the contract must not be induced by duress, undue influence, fraud or misrepresentation
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TESTE DEIN WISSEN
Distinguish between the offer and the offeree
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TESTE DEIN WISSEN
The offer is the person who is making the offer and the offeree is the person whom the offer is made to
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TESTE DEIN WISSEN
What are the rules of acceptance?
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TESTE DEIN WISSEN
  • The offeror may not impose silence as the prescribed method of acceptance
  • If the offeror ask for acceptance in a prescribed way the offeree is not bound to accept the offer prescribed by the offeror 
  • if the offeror states that a reply must be sent by a certain prescribed way and only that method, then only that method prescribed by the offeror will the acceptance be binding
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TESTE DEIN WISSEN
what is a speciality contract?
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TESTE DEIN WISSEN
Specialty contract is a contract made by deed it is a formal document in writing which is signed by the parties sealed and delivered it is also referred as a formal contract or contract under seal
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TESTE DEIN WISSEN
What is meant by capacity in a valid contract?
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TESTE DEIN WISSEN
This means that each party must have a legal capacity to make the contract
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TESTE DEIN WISSEN
What contracts considered void when dealing with an infant?
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TESTE DEIN WISSEN
  • Contract for the payment of money lend or to be lent
  • Contracts for the supply of goods other than necessary
  • All account stated with infants i.e.an admission by an infant that he owes a certain sum
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  • 141 Studierende
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Q:
What is consideration?
A:
  • It is defined as some rights, interest, profit or benefits occurring to one party, or some forbearance, detriment, loss or responsibility given, suffered or take undertaken by the other

  • You may also be an act, I promise to do an act or the promise not to do something
Q:
Contracts made by an infant may be classified as:
A:
  • Valid contracts 
  • voidable contract 
  • void contracts
Q:
Can Yes offer be made expressly by written or spoken words or can it be implied from the conduct of the parties?
A:
Yes
Q:
what is a simple contract?
A:
A simple contract may be oral or in writing or simply be implied by the conduct of the parties
Q:
Part Payment of a Debt

Will payments of a smaller amount discharge adept for a larger amount?
A:
No
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Q:
explain intention to create legal relations
A:
This means that there are intention by both parties to create legal relations, however it is not enforceable due to the fact that both parties did not contemplate on any legal ties
Q:
What is meant by consent must be genuine in a valid contract?
A:
It means the contract must not be induced by duress, undue influence, fraud or misrepresentation
Q:
Distinguish between the offer and the offeree
A:
The offer is the person who is making the offer and the offeree is the person whom the offer is made to
Q:
What are the rules of acceptance?
A:
  • The offeror may not impose silence as the prescribed method of acceptance
  • If the offeror ask for acceptance in a prescribed way the offeree is not bound to accept the offer prescribed by the offeror 
  • if the offeror states that a reply must be sent by a certain prescribed way and only that method, then only that method prescribed by the offeror will the acceptance be binding
Q:
what is a speciality contract?
A:
Specialty contract is a contract made by deed it is a formal document in writing which is signed by the parties sealed and delivered it is also referred as a formal contract or contract under seal
Q:
What is meant by capacity in a valid contract?
A:
This means that each party must have a legal capacity to make the contract
Q:
What contracts considered void when dealing with an infant?
A:
  • Contract for the payment of money lend or to be lent
  • Contracts for the supply of goods other than necessary
  • All account stated with infants i.e.an admission by an infant that he owes a certain sum
Law of Contract and Tort

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