ADVANCED LAW OF CONTRACT AND LAW OF
PERSONS LATEST QUESTIONS AND ANSWERS
2025/2026 WITH CORRECT |VERIFED 100%
ANSWERS
offer
A proposal by one party to another intended to create a legally binding
agreement. Terms of offer must be clear, definite and certain
acceptance
words signifying consent to the terms of an offer (thereby creating a
contract)
void
a contract that has no legal force or effect because it does not meet the
essential elements of a contract
essential elements of contracts
A contract is a set of promises that are made voluntarily, for a legal act,
between legally competent parties for a consideration. To be legally
enforcable it must be in writing.
bundle of rights
the concept of land ownership that includes ownership of all legal rights
to the land- possession, control within the law, enjoyment, exclusion, and
disposition
unilateral contract
A contract that results when an offer can only be accepted by the offeree's
performance.
bilateral contract
A contract in which each party to the contract promises to perform some
act or duty in exchange for the promise of the other party.
assignments
, ADVANCED LAW OF CONTRACT AND LAW OF
PERSONS LATEST QUESTIONS AND ANSWERS
2025/2026 WITH CORRECT |VERIFED 100%
ANSWERS
the transfer in writing of interest in a bond, mortgage, lease, or other
instrument
delegation
a task or piece of work assigned to someone
legal value
Legal proof of authority or business transaction, enforceable rights or
obligations, or the basis for a legal action
counteroffer
a new offer made in response to an offer received
novation
the replacement of one obligation by another by mutual agreement of both
parties
expressed contract
A written or oral agreement in which all terms are explicitly stated
implied contract
agreement created by actions of the parties involved, but it is not written
or spoken.
statute of frauds
A state statute under which certain types of contracts must be in writing
to be enforceable.
four corners rule
as derived from the text of the agreement itself, without relying upon
other resources or witnesses.
reasonable man standard
PERSONS LATEST QUESTIONS AND ANSWERS
2025/2026 WITH CORRECT |VERIFED 100%
ANSWERS
offer
A proposal by one party to another intended to create a legally binding
agreement. Terms of offer must be clear, definite and certain
acceptance
words signifying consent to the terms of an offer (thereby creating a
contract)
void
a contract that has no legal force or effect because it does not meet the
essential elements of a contract
essential elements of contracts
A contract is a set of promises that are made voluntarily, for a legal act,
between legally competent parties for a consideration. To be legally
enforcable it must be in writing.
bundle of rights
the concept of land ownership that includes ownership of all legal rights
to the land- possession, control within the law, enjoyment, exclusion, and
disposition
unilateral contract
A contract that results when an offer can only be accepted by the offeree's
performance.
bilateral contract
A contract in which each party to the contract promises to perform some
act or duty in exchange for the promise of the other party.
assignments
, ADVANCED LAW OF CONTRACT AND LAW OF
PERSONS LATEST QUESTIONS AND ANSWERS
2025/2026 WITH CORRECT |VERIFED 100%
ANSWERS
the transfer in writing of interest in a bond, mortgage, lease, or other
instrument
delegation
a task or piece of work assigned to someone
legal value
Legal proof of authority or business transaction, enforceable rights or
obligations, or the basis for a legal action
counteroffer
a new offer made in response to an offer received
novation
the replacement of one obligation by another by mutual agreement of both
parties
expressed contract
A written or oral agreement in which all terms are explicitly stated
implied contract
agreement created by actions of the parties involved, but it is not written
or spoken.
statute of frauds
A state statute under which certain types of contracts must be in writing
to be enforceable.
four corners rule
as derived from the text of the agreement itself, without relying upon
other resources or witnesses.
reasonable man standard
