Concordia University - MANA 298 -
Business Law Exam Q&A 100% Solved
Contract - ✔✔an agreement of wills by which one or several person
obligate themselves to one or several other persons to perform a prestation
Contract of Adhesion - ✔✔a contract in which the essential stipulations
were imposed or drawn up by one of the parties (any other other contracts
are mutual agreements)
Onerous Contract - ✔✔when both parties are advantaged by the contract
Gratuitous Contract - ✔✔when a party gets advantages while the other
does not
Commutative Contract - ✔✔when the advantages to be obtained are set
initially
Alleatory Contract - ✔✔when the advantages to be obtained are uncertain
Consumer Contract - ✔✔when a party obtains something in any manners,
from another party offering that "something"
Serious, Complete, and Precise - ✔✔Elements of an Offer
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Business Law Exam Q&A 100% Solved
Contract - ✔✔an agreement of wills by which one or several person
obligate themselves to one or several other persons to perform a prestation
Contract of Adhesion - ✔✔a contract in which the essential stipulations
were imposed or drawn up by one of the parties (any other other contracts
are mutual agreements)
Onerous Contract - ✔✔when both parties are advantaged by the contract
Gratuitous Contract - ✔✔when a party gets advantages while the other
does not
Commutative Contract - ✔✔when the advantages to be obtained are set
initially
Alleatory Contract - ✔✔when the advantages to be obtained are uncertain
Consumer Contract - ✔✔when a party obtains something in any manners,
from another party offering that "something"
Serious, Complete, and Precise - ✔✔Elements of an Offer
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
