Question
Q1. Briefly explain why illegal contract is a contradiction in terms? [10 Marks] Q2. In your own words, explain the following terms with respect to
Q1. Briefly explain why illegal contract is a contradiction in terms? [10 Marks] Q2. In your own words, explain the following terms with respect to enforceability of a contract. i. Void ii. Voidable [10 Marks] Q3. In your own words, explain why one would define a contract as a legally enforceable promise. [10 Marks] Q4. In your own words, explain how one can determine the validity of a contract. [10 Marks] Q5. Discuss four basic inquiries to determine the rights and obligations of contracting parties. [20 Marks] Q6. One important question that is frequently asked is whether patents can be issued for computer software. Briefly discuss this topic and indicate your position with reasons. [20 Marks] Q7. A patent is an invention publicly disclosed in return for a monopoly. A trade secret is a means to a monopoly that a company hopes to maintain by preventing public disclosure. Why would a company not always go for a patent instead of a trade secret? [20 Marks]
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