Blaw212 exam - Study guides, Class notes & Summaries

BLAW212 2024 Exam Questions and Answers All Correct (1) Doctrine of Part Performance Test - Answer-1. is there an enforceable agreement but for section 24 of the Property Law Act 2007 2. has there been part performances of the oral agreement to do something which is: A. clearly a step in the performance of a contractural obligation or right under that agreement; and B. Was on the balance of possibilities done on the basis that a contract for the sale of land as alleged was in existence? ...

BLAW212 1st half Exam Questions with Correct Answers contract - Answer-a promise or set of promises which the law will enforce classical contract theory - Answer--meeting of the minds in offer and acceptance -intention to create legal relations -mutual consideration -agreement by consent freely given formation of contract - Answer-offer acceptance intention to be bound consideration offer - Answer-clear and ambiguous undertaking to be bound by specified terms which becomes bindin...

BLAW212 EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS ALREADY GRADED A+ Intoxication test - Answer-1. The IP proves that they were not able to appreciate what they were doing when entering into the contract as a result of being intoxicated 2. the other party was aware of the intoxicated state at the time the contract was entered into unconscionable bargains - Answer-One party to a transaction is at a disadvantage and the other party is aware of this disadvantage and takes opportunity of it ...

BLAW212 1ST HALF EXAM QUESTIONS AND ANSWERS (VERIFIED ANSWERS) WITH RATIONALES GRADED A+ misrepresentation elements - Answer-1. A false statement of past or present fact. 2. the false statement was material in inducing the party to whom it was made to enter the contract. 3. As a result of relying on the truth of the false statement that party suffered a loss. mere puff - Answer-not actionable in representation mere silence in mispresentation - Answer-will not generally be misrepresentat...

BLAW212 2024 PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ Insolvent definition - Answer-unable to pay ones debts or discharge ones liabilities bankruptcy definition - Answer-where a real person is adjudged insolvent by a court and where that person's property is administered for and dividend amongst creditors Liquidation or winding up - Answer-where an insolvent company's assets are realised to discharged its liability, terminating the business of the company 4 core are...

BLAW212 FINAL EXAM TEST QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+ Composition during bankruptcy - Answer-Compromise proposal to creditors, 3/4 must accept by number and value Proposal prior to bankruptcy - Answer-Similar to composition and need 3/4. Business is no longer running but there is still plenty of work to do Summary instalment orders - Answer-$40,000 or less, you can pay in instalments over time. Can't sue unless there is a default in the process. No asset proced...