Rules of the Law of Contract (OCR A-Level Law): Quizzes

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Rules of the Law of Contract
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What does strict liability mean in contract law?

Breach leads to liability regardless of fault

What standard of proof must a claimant meet in contract disputes?

Balance of probabilities

Which three elements are essential for a valid contract?

Agreement, intention, consideration

What presumption applies to commercial agreements regarding legal intent?

Presumption of intention to create relations

What remedies are available for breach of a condition?

Termination and damages

How are void contracts treated in law?

As if they never existed

What is the most common and desirable way for a contract to end?

Discharge by performance

What does quantum meruit mean?

What it is worth

How are equitable remedies different from damages?

Awarded at court's discretion, not as right

What does acceptance mean in contract formation?

Unconditional agreement to all offer terms

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