The validity of the contract completely depends on the form of contract. Contract for the benefit of a third party is a contract which is concluded by three parties and the third party shall enjoy benefits from the performance of such obligations; Time of entry into civil contract shall be the time when the offeree‘s letter of acceptance was posted
Decide whether that sentence is true or false?
The validity of the contract completely depends on the form of contract.
Contract for the benefit of a third party is a contract which is concluded by three parties and the third party shall enjoy benefits from the performance of such obligations;
Time of entry into civil contract shall be the time when the offeree‘s letter of acceptance was posted
In cases where a third party refuses to enjoy its benefits from a contract for the benefits of a third party, the contract shall still take effect toward the contracting parties.
When the individual entering into the contract dies, such contract shall terminate, unless otherwise agreed upon by parties.
When the object of the contract does not longer exist, it does not lead to the termination of the contract, unless the object of the contract is a distinctive object.
A pledge of property shall take effect as from the time at which the last party signs the document of pledge of property.
Invalid civil contracts will completely terminate legal liabilities between parties.
Contract for donation of property is a bilateral contract.
A contract that the effect of which does not depend on the auxiliary is a principal contract.
The pledge of a property may be cancelled, if so consented by the pledgee.
Disposal of mortgaged property is the same as disposal of security collateral property.
For each question, choose only one correct answer:
1. In the following articles which is not a compulsory requirement in all business contracts:
The object of the contract
The measures to secure the performance of the contract
Price
a, b and c are incorrect.
2. In which one of the following circumstances is the contract no longer in effect:
suspension of contractual performance
rescission of part of a contract.
Temporary cessation of a contract
a, b and c are correct
3. Temporary cessation of contractual performance and Suspension of contractual performance are two remedies in commerce:
They have the same legal grounds or bases for applying and legal consequences of the right to claim damages for loss of the aggrieved parties.
They shall be deemed to have terminated as from the time of receipt by one party of a notice of cessation or suspension.
a and b are incorrect.
a and b are correct.
4. A civil contract shall be entered into when:
the parties have agreed on the contents of the contract.
the time limit for reply has expired and the offeree remains silent
the offeree sends the reply of acceptance to enter into the contract
a, b and c are incorrect
5. With respect to performance of bilateral contracts:
the parties must concurrently perform their obligations to each other;
the obligation the performance of which takes more time than others shall be performed first.
The parties must perform their obligations in the time limit agreed upon by parties
a, b and c are incorrect
6. Choose the correct sentence:
Specific performance of contracts is not considered as a type of remedies in commerce
In cases where the offeror dies or loses his/her civil act capacity after the offeree accepts to enter into the contract, the offer to enter into the contract remains valid.
All security measures for performance of civil obligations must be expressed in writing
b and c are correct.
7. Contracting parties have the right to agree on:
Places for entering into contracts
Cases that lead to the contract being invalid
(a) and (b) are correct
(a) and (b) are incorrect
8. During the period of application of specific performance of a contract, the aggrieved party may not claim for applying:
The remedy of damage
The remedy of panalty for breach
The remedy of suspension of performance of contract
(a), (b) and (c) are correct
9. In which of the following cases, the business contract will be terminated:
the aggried party apply the remedy of damage
the aggried party apply the remedy of suspension
the aggried party apply the remedy of Temporary cessation
All of the above are incorrect
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