MCQ Flashcards
What is statue law?
Laws made by Parliament
What is the common law?
judge made law based on judicial precedent established through case law (English legal system)
What is civil law?
Regulates actions between parties and provides forums to settle disputes. Determined on the balance of probabilities (based on the evidence provided - have to prove they were more likely than not to have committed a civil wrong)
How does Precedent operate on the Supreme Court?
SC is generally bound by its past decisions but can deviate from previous decisions where fair to do so
What is consideration?
a party proves they are contributing something to the contract in return for the other parties promise, must be some detriment to the plaintiff and some benefit to the defendant.
What is past consideration?
Promise is made after the completion of an act then the act will not have been sufficient to provide consideration
What is a) Obiter Dicta?
b) ratio decidendi
a) not binding but is of persuasive authority - doesn’t inform the decision. Describes how it would’ve been dealt with in different situations.
b) reason for the decision - forms part of precedent
What is the rule under the Law reform Act 1943 (frustrated contracts)?
sums paid would be partially or fully recoverable if a contract became impossible to perform.
When can you recover damages that aren’t normal losses in contract law?
damages not arising in the ordinary scope of things is only recoverable to the extent that it is in the reasonable contemplation of the parties at the time of making the contract as the probable result of the breach.
What are the implications for the innocent party when a contract is breached?
innocent party must notify the other party that they will treat contract as discharged, they can then reclaim payments already made, they must fufill their obligations up to the date of termination, then they can claim damages.
Who does UCTA 1977 apply to?
commercial contracts between businesses
What is a secondary victim in tort law?
A person who suffers a psychiatric illness due to witnessing an accident or immediate aftermath
What did the case of Froom v Butcher establish in torts law?
damages can be reduced where a victim fails to wear there seatbelt in a car accident
What standard of care do we apply to a learner driver in torts law?
the standard of a competent driver
What options are available if an LLP becomes insolvent?
Voulntary arrangement, adminstration, voluntary liquidation and compulsory liquidation