T/F Flashcards
The method of law making based on previous court decisions is known as the “common law“
True
The human rights commission is an example of a judicial Tribunal
False
The bankruptcy and insolvency act provides an alternative to bankruptcy called a “proposal“
True
As a general rule parents are not responsible for the torts of their children
True
The “love thy neighbour doctrine“ was enacted in the case of “rylan vs Fletcher“ a decision of the house of lords of England
False. Donohue vs Stevens
A security agreement must be registered under the PPSA to be affective against the original and subsequent purchasers
True
Tenancy in common is a form of coal ownership when one of the parties dies: the other takes the whole property
False
And assault is known as a dual offence
True
Contracts of insurance and partnership are contracts of uberrima fidei
True (utmost faith)
A healthcare directive is the same as a living will
True
No one should invest in a limited partnership unless they are prepared to participate in its management
False - once they participate they lose status as limited partner
A partnership is not always created by a formal agreement between the partners
True
The presumption of undue influence applies to all contracts when alleged
False. Only contracts with specific relationships
The law of bailment applies to storage of goods and excludes transit of goods
True
All contracts made by an infant are void or avoidable
False. Liable for necessaries
A corporation is known as a firm and thus does not terminate upon the death of the majority shareholder
False - only “firm” is used when referring to partnership
Mens Rea is an essential ingredient in misrepresentation
False. Key in misrepresentation = without knowledge.
A formal contract is one which is written and witnessed by at least two persons
False. Is one which is sealed
An interest rate set at 2% per month is enforcible at law
False. Needs to be per annum to be enforceable.
Liquidated damages are fixed by the court if the parties to a contract cannot agree in the amount of damages
False
The Power of a Corporation to a contract may be restricted by its articles of Association
True
A contract of indemnity need not be evidenced in writing
True
The Competition Act prohibits private corporations from registering as an extra provincial corporation
False
A gratuitous promise is never in forcible unless it is placed under seal
False