Which of the Following Is an Example of a Contract

question 26

Multiple Choice

Which of the following is an example of a contract that would be governed by legislation and NOT by common law?

• A) a contract involving the sale of goods governed by the Sale of Goods Act
• B) a contract involving the supply of services governed by the Employment Act
• C) a contract retaining a lawyer to perform legal services on behalf of a client
• D) a verbal contract involving an exchange of services for a set monetary price

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Definitions:

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Individuals

Single human beings, as opposed to groups or organizations, considered as single entities.

Marginal Benefits

The additional benefits received from the consumption of one more unit of a good or service.

Defense Goods

Products and services that are designed and produced for national security and military purposes.