The Parties to a Simple Contract Have the Right to Take

question 23

Multiple Choice

The parties to a simple contract have the right to take legal action for how many years after the contract is made? (Ignore the limit that applies in the Northern Territory)

• A)4 years.
• B)10 years.
• C)8 years.
• D)12 years.
• E)6 years.

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Definitions:

Basic Trust

A concept introduced by Erik Erikson referring to an essential trustfulness of others as well as a fundamental sense of one's own trustworthiness, developed in infancy.

Initiative

Initiative pertains to the willingness to take the first step or action in a course of actions, often indicative of leadership or creativity.

Myers-Briggs Type Indicator

A personality assessment tool that categorizes individuals into 16 distinct personality types based on preferences in four dimensions: extraversion vs. introversion, sensing vs. intuition, thinking vs. feeling, and judging vs. perceiving.

Jungian Classification

A system of personality typology developed by Carl Jung that classifies people based on their preferences in perception and judgment.