CLL233
A situation where two separated transactions are established by virtue of the action of parties, where a party makes a promise to another as a kind of payment in exchange for services rendered to him/her in the past will be regarded as what?
Answer: past consideration
What the offeree is gives to the Offeror for his offer in the law of Contract is known as?
Answer: consideration
“A valuable consideration in the sense of the Law may consist either in ‘Some right, interest, profit or benefit accruing to one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other’’ is a definition of which concept?
Answer: Consideration
Which of the following cases presents an exception to the general rule of Consideration?
Answer: ward v byham (1857) 1 wir 496.
In which of the following cases was it reported that an infant boxer employed a Manager whom he paid he paid on commission basis and the Court held that he was not liable being a trading contract?
Answer: shears v. mendeloff (1914) 30 tlr 342
A statement of proposal for business dealings made by one party to anotehr with the expectation of a respons, is known as what in Law?
Answer: offer
Which of the following is part of the building blocks of a contract?
Answer: all of the above
The terms of an express contract can be stated both orally or in writing
Answer: correct
Which of the following law defines an infant as a person under 21 years of age?
Answer: the infant law, and uniform law cap. 49 laws of western nigeria 1959
An acceptance will be deemed inappropriate and nullified in which of the following
Answer: all of the above
What the offeree is gives to the Offeror for his offer in the law of Contract is known as?
Answer: consideration
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