Contract Law – NBC Institute

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

Question

State the term of a contract which is minor or which is ancillary to a major term.

Answer

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Tags: Contracts, Minor Terms, Warranties
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

Question

The cardinal rules of interpretation are the literal rule, Ejusdem generis rule, and _________.

Answer

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Tags: Legal Concepts, Rules of Interpretation
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

Question

An undischarged bankrupt is NOT legally incapacitated to do ONE of the following:

A. To marry a wife
B. To be elected into an elective office
C. To be appointed to or to act in the office of a Justice of Peace
D. To be appointed as a trustee of a trust estate
E. To be admitted to serve on a governing board of a statutory institution

Answer

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Tags: Bankruptcy, Legal Incapacities
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

Question

Contractual obligations and rights arising from a contract can be discharged in various ways.
You are required to state FIVE ways by which a contract may be discharged.

Answer

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Tags: Contract Law, Discharge of Contracts
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

Question

The remedy or an order by a court ordering a party who breached an agreement to perform his obligations under the contract is known as ____________.

Answer

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Tags: Contracts, Remedies, Specific Performance
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

Question

The ordinary term of a contract which entitles the aggrieved party to sue only for damages and not rescission of the agreement is a ____________.

Answer

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Tags: Breach, Contracts, Damages
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

Question

Under the common law, the veil of incorporation will NOT be lifted where the company:
A. Has been formed for fraudulent or illegal purposes
B. Operates as an agent of shareholders
C. Trades with alien enemies
D. Engages in acts that are detrimental to public interest
E. Engages in completely ultra vires activities

Answer

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Tags: Corporate Liability, Illegal Purpose, Lifting the Veil
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

Question

Emeka and Ngozi negotiated and entered into a contract using Facebook throughout. What kind of contract is this?
A. Facebook contract
B. Unenforceable contract
C. Contract pending signature
D. Social media contract
E. Electronic contract

Answer

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Tags: Contract Law, Electronic Contract, Social Media
Level: Level 1

Topic: Contract Law
Series: NOV 2021

BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

Question

Which of the following is classified as an act of theft under the Criminal Code?

A. Acquisition of property
B. Conversion of property
C. Assumption of property
D. Presumption of property
E. Disposal of property

Answer

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Tags: Criminal Law, Theft
Level: Level 1

Topic: Contract Law
Series: NOV 2022

BL – Nov 2023 – L1 – SB – Q5c – Contract Law

Advises on the legal implications of transferring bulk money from Canada to Nigeria under the Money Laundering (Prevention and Prohibition) Act.

Question

Oluwe family borrowed money to enable him (Oluwe) to travel to Canada in 2014 to study Medicine. After graduation, he stayed back in Canada to work. He now wants to transfer bulk money equivalent to US$15,000 to his family from Canada. One of the family members, Oghiei, has come to you to ask what he should do, considering the Money Laundering (Prevention and Prohibition) Act 2022.

Required:
State the legal position and advise Oghiei. (6 Marks)

Answer

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Tags: Business Transactions, Data Purchasing, Database, Information Systems
Level: Level 1

Topic: Contract Law
Series: NOV 2023

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

Question

State the term of a contract which is minor or which is ancillary to a major term.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Minor Terms, Warranties
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

Question

The cardinal rules of interpretation are the literal rule, Ejusdem generis rule, and _________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Legal Concepts, Rules of Interpretation
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

Question

An undischarged bankrupt is NOT legally incapacitated to do ONE of the following:

Answer

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Tags: Bankruptcy, Legal Incapacities
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

Question

Contractual obligations and rights arising from a contract can be discharged in various ways.
You are required to state FIVE ways by which a contract may be discharged.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Law, Discharge of Contracts
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

Question

The remedy or an order by a court ordering a party who breached an agreement to perform his obligations under the contract is known as ____________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Remedies, Specific Performance
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

Question

The ordinary term of a contract which entitles the aggrieved party to sue only for damages and not rescission of the agreement is a ____________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Breach, Contracts, Damages
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Liability, Illegal Purpose, Lifting the Veil
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Law, Electronic Contract, Social Media
Level: Level 1

Topic: Contract Law
Series: NOV 2021

BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

Question

Which of the following is classified as an act of theft under the Criminal Code?

A. Acquisition of property
B. Conversion of property
C. Assumption of property
D. Presumption of property
E. Disposal of property

Answer

Find Related Questions by Tags, levels, etc.

Tags: Criminal Law, Theft
Level: Level 1

Topic: Contract Law
Series: NOV 2022

BL – Nov 2023 – L1 – SB – Q5c – Contract Law

Advises on the legal implications of transferring bulk money from Canada to Nigeria under the Money Laundering (Prevention and Prohibition) Act.

Question

Required:
State the legal position and advise Oghiei. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Transactions, Data Purchasing, Database, Information Systems
Level: Level 1

Topic: Contract Law
Series: NOV 2023

Topic: Contract Law

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BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

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BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

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BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

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BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

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BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

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BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

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BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

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BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

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BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

You're reporting an error for "BL – Nov 2022 – L1 – SA – Q7 – Contract Law"

BL – Nov 2023 – L1 – SB – Q5c – Contract Law

Advises on the legal implications of transferring bulk money from Canada to Nigeria under the Money Laundering (Prevention and Prohibition) Act.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q5c – Contract Law"

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q6 – Contract Law"

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q1 – Contract Law"

BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q19 – Contract Law"

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

You're reporting an error for "BL – May 2014 – L1 – SB – Q2B – Contract Law"

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

You're reporting an error for "BL – May 2014 – L1 – SA – Q5 – Contract Law"

BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

You're reporting an error for "BL – May 2014 – L1 – SA – Q4 – Contract Law"

BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

You're reporting an error for "BL – May 2014 – L1 – SA – Q11 – Contract Law"

BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

You're reporting an error for "BL – Nov 2021 – L1 – SA – Q11 – Contract Law"

BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

You're reporting an error for "BL – Nov 2022 – L1 – SA – Q7 – Contract Law"

BL – Nov 2023 – L1 – SB – Q5c – Contract Law

Advises on the legal implications of transferring bulk money from Canada to Nigeria under the Money Laundering (Prevention and Prohibition) Act.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q5c – Contract Law"

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