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Paper on Contract Law in Australia

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Added on  2020-04-15

Paper on Contract Law in Australia

   Added on 2020-04-15

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RUNNING HEAD: PaperExam
Paper on Contract Law in Australia_1
Paper 1ContentsPart A....................................................................................................................................................2Part B.....................................................................................................................................................6Answer one:.......................................................................................................................................6Answer two:......................................................................................................................................6Answer four:......................................................................................................................................7
Paper on Contract Law in Australia_2
Paper 2Part A1. The common law doctrine of privity of contract is that:a) a contract is always privateb) only parties to a contract are entitled to be privy to its’ termsc) only a party to the contract is entitled to the benefits of the contract and is bound by the obligations of the contractd) only a party to a contract can take a benefit from a contractTHE OPTION IS C.2. A contract that is presumptively binding on a minor, includes:a) a contract entered into by the minor’s parentb) all contractsc) a contract for the benefit of the minord) a contract financially advantageous to the minorTHE OPTION IS C.3. A third party will be covered by an exemption from liability clause provided:a) the contract made it clear that third parties were intended to be protectedb) the third party performed services under the contractc) the contracting party acted as the third party’s agent and had authority to contract on behalf of the third partyd) all of the aboveTHE OPTION IS A.4. An assignee of a contract can:a) take the benefit of a contractb) must perform the obligations under a contract
Paper on Contract Law in Australia_3

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