Contractual Rights – NBC Institute

BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

Question

The fact that a person can neither claim right nor suffer obligation under a contract to which he is not a party is explained by the principle of:
A. Offer
B. Acceptance
C. Consideration
D. Intention to create legal relations
E. Privity of contract

Answer

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Tags: Contractual Rights, Legal Doctrine, Privity of Contract
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Question

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

Answer

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Tags: Agency Law, Contractual Rights, Rights of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2017

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

Question

Whether an investor’s rights in an entity are voting or contractual under IFRS 10: Consolidated Financial Statements, these rights should be carefully evaluated to find out whether they are mere protective or actually confer power over the investee.

Required:
Explain protective rights, providing FOUR (4) instances where voting or contractual rights could be regarded as protective. (5 marks)

Answer

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Tags: Consolidation, Contractual Rights, IFRS 10, Investor rights, Protective rights, Voting rights
Level: Level 3

Topic: Business combinations and consolidation
Series: MAR 2023

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

Question

Kakai Company Limited had for weeks advertised their products in the electronic and print media that “Buy GH¢450 worth of products from any of our branches and get one blender free”. The deadline for the promotion was 30 November 2020. Fiifi saw the advertisement and bought products worth GH¢600 from one of the branches on 1 October 2020. Fiifi demanded the free blender. However, the sales girl told him there was no free blender to be given in that branch. An argument then ensued.

Required:
i) Describe in TWO (2) ways the nature of the transaction. (4 marks)

ii) Determine whether Fiifi should be entitled to the blender. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Advertisement, Contractual Rights, Entitlement, Offer
Level: Level 1

Topic: Contract Law
Series: MAY 2021

BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contractual Rights, Legal Doctrine, Privity of Contract
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Question

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Contractual Rights, Rights of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2017

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

Question

Required:
Explain protective rights, providing FOUR (4) instances where voting or contractual rights could be regarded as protective. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Contractual Rights, IFRS 10, Investor rights, Protective rights, Voting rights
Level: Level 3

Topic: Business combinations and consolidation
Series: MAR 2023

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

Question

Required:
i) Describe in TWO (2) ways the nature of the transaction. (4 marks)

ii) Determine whether Fiifi should be entitled to the blender. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Advertisement, Contractual Rights, Entitlement, Offer
Level: Level 1

Topic: Contract Law
Series: MAY 2021

Question Tag: Contractual Rights

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BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

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BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q17 – Law of Contract"

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

You're reporting an error for "BL – May 2017 – L1 – SB – Q5b – Agency Law"

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

You're reporting an error for "CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series"

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

You're reporting an error for "BCL – May 2021 – L1 – Q2a – Contract Law"

BL – Nov 2011 – L1 – SA – Q17 – Law of Contract

Explain the legal doctrine where a person cannot claim rights or suffer obligations under a contract unless they are a party to it.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q17 – Law of Contract"

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

You're reporting an error for "BL – May 2017 – L1 – SB – Q5b – Agency Law"

CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series

Explanation of protective rights under IFRS 10 and examples of situations where voting or contractual rights may be considered protective.

You're reporting an error for "CR – Mar 2023 – L3 – Q4b – Business combinations and consolidation Series"

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

You're reporting an error for "BCL – May 2021 – L1 – Q2a – Contract Law"

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Customer

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