Rules of Contract Law (AQA A-Level Law): Quizzes

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Rules and Principles
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What is a contract in law?

A binding agreement enforceable in court

Which three elements are essential for valid contract formation?

Intention, offer & acceptance, consideration

What is breach of contract?

Failing to carry out or performing poorly

What are express terms?

Terms explicitly stated during negotiation

What remedy is available for breach of a warranty?

Damages only

How does a void contract differ from a voidable contract?

Void never valid; voidable valid until set aside

What is discharge by performance?

Both parties successfully complete duties

How are common law remedies granted?

As of right if case proven

What are liquidated damages?

Pre-estimate agreed in the contract

What is the nature of equitable remedies?

Discretionary - court decides if granted

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