LESSON OBJECTIVE
Assessment Criteria AC 2.1 Apply the elements of contract in given business scenarios Below are questions pertaining to lesson 4. Please ensure to answer each question correctly. 1. Identify ALL the elements of a valid contract. 2. What is the importance of these elements in a contract? 3. What is a void contract? 4. Explain what a voidable contract is. 5. Distinguish using examples between a void contract and a voidable contract.
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LEARNING OUTCOME ONE: Understand The Essential Elements Of A Valid Contract In A Business Context10/14/2016 LESSON OBJECTIVE
Assessment Criteria AC 1.3 Analyse terms in contracts with reference to their meaning and effect Below are questions pertaining to lesson 3. Please ensure to answer each question correctly. What is the meaning of valuable consideration? 2. What is meant by a gratuitous promise and what is the effect of such a promise? 3. What is executory consideration? 4. What is executed consideration? |
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November 2016
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