Which of the following best describes the concept of Precedent ?

a)

A decision made by any court in any jurisdiction that must be followed by other courts

b)

A statement by Parliament

c)

A decision made by a higher court that lower court can choose to follow

d)

A decision made by a higher court that must be followed by lower courts in the same jurisdiction

An offer can be withdrawn:

Question 4 options:

a)

At the choosing of the offeror.

b)

Within 24 hours of the offer being made.

c)

Anytime before the offer is accepted.

d)

At the choosing of the offeree.

Agreements that are commercial in nature or concern business matters are presumed to be intended to be legally binding on the parties to the agreement.

a) Trueb) False

Arrange the following stages of contract formation in sequential order.

Question 19 options:

Performance

Execution

Acceptance

Offer

Termination