Obligations – NBC Institute

BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

Question

Where the parties to a contract have carried out their obligations, the contract is said to be discharged by:
A. Breach
B. Frustration
C. Performance
D. Liability
E. Obligations

Answer

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Tags: Contract Discharge, Contractual Law, Obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

Question

Hire Purchase, in ordinary parlance, means an agreement entered into to hire some goods and subsequently pay by instalments.
You are required to explain any THREE of the general obligations of the hirer at Common Law.
(Total 6 Marks)

Answer

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Tags: Common Law, Hire Purchase, Obligations
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2014

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

Question

A situation in which a party to a contract willfully fails to perform his/her obligations under the contract is referred to as:

A. Breach
B. Defiance
C. Refusal
D. Disobedience
E. Illegality

Answer

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Tags: Breach of Contract, Obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2022

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

Question

A present obligation of an entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits, is known as:

A. An asset
B. A provision
C. A liability
D. A payable
E. A receivable

Answer

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Tags: Accounting Definitions, Liabilities, Obligations
Level: Level 1

Topic: Elements of Financial Statements
Series: NOV 2015

BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

Question

Where the parties to a contract have carried out their obligations, the contract is said to be discharged by:
A. Breach
B. Frustration
C. Performance
D. Liability
E. Obligations

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Discharge, Contractual Law, Obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Law, Hire Purchase, Obligations
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2014

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

Question

A situation in which a party to a contract willfully fails to perform his/her obligations under the contract is referred to as:

A. Breach
B. Defiance
C. Refusal
D. Disobedience
E. Illegality

Answer

Find Related Questions by Tags, levels, etc.

Tags: Breach of Contract, Obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2022

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

Question

A present obligation of an entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits, is known as:

A. An asset
B. A provision
C. A liability
D. A payable
E. A receivable

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Definitions, Liabilities, Obligations
Level: Level 1

Topic: Elements of Financial Statements
Series: NOV 2015

Question Tag: Obligations

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BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

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Question Tag: Obligations

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BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q14 – Law of Contract"

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

You're reporting an error for "BL – Nov 2022 – L1 – SA – Q10 – Law of Contract"

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

You're reporting an error for "FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements"

BL – Nov 2011 – L1 – SA – Q14 – Law of Contract

Identify the method by which a contract is discharged after both parties fulfill their obligations.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q14 – Law of Contract"

BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions

Explain three general obligations of the hirer in a hire purchase agreement at common law.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q5b – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2022 – L1 – SA – Q10 – Law of Contract

Identifying the term for willful failure to perform contract obligations.

You're reporting an error for "BL – Nov 2022 – L1 – SA – Q10 – Law of Contract"

FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements

Identifying the correct term for a present obligation of an entity arising from past events.

You're reporting an error for "FA – Nov 2014 – L1 – SA – Q5 – Elements of Financial Statements"

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