5.2. Specifications

Try these first

1. 1.

   Define 'offer' in contracts.

   Hint

   Think about what one party does to another before a contract is formed.

2. 2.

   What is a void contract?

   Hint

   Consider contracts that involve illegal matters.

3. 3.

   What is required for a valid contract?

   • Offer only
   • Offer and Acceptance
   • Offer
   • Acceptance
   • and Consideration

   Hint

   Think about the essential elements covered.

4. 4.

   True or False: A void contract can be enforced in a court of law.

   • True
   • False

   Hint

   Consider the nature of void contracts.

5. 5.

   A company offers a contract to a supplier, but fails to include key payment terms. The supplier later seeks remuneration based on assumed terms. Analyze the legal implications.

   Hint

   Consider the role of clear terms in contract enforceability.

6. 6.

   A contractor bids on a project but only references the lowest bid in submission, ignoring necessary specifications. What legal issues could arise?

   Hint

   Think about why specifications matter in contracts.