100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MA Salesperson Exam Module 6: Contracts and Contracts in Practice Study Guide Solutions $11.49   Add to cart

Exam (elaborations)

MA Salesperson Exam Module 6: Contracts and Contracts in Practice Study Guide Solutions

 2 views  0 purchase
  • Course
  • MA Salesperson
  • Institution
  • MA Salesperson

MA Salesperson Exam Module 6: Contracts and Contracts in Practice Study Guide Solutions contract - ANSWER-legally binding agreements between two or more parties (natural or legal persons) perform - ANSWER-do what you legally promised in the contract essentials of a contract - ANSWER-offer and ...

[Show more]

Preview 2 out of 7  pages

  • November 4, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Salesperson
  • MA Salesperson
avatar-seller
KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




MA Salesperson Exam Module 6: Contracts and

Contracts in Practice Study Guide Solutions


contract - ANSWER✔✔-legally binding agreements between two or more parties (natural or legal

persons)


perform - ANSWER✔✔-do what you legally promised in the contract


essentials of a contract - ANSWER✔✔-offer and acceptance, consideration, legal object, reality of

consent and competence


offer and accpetance - ANSWER✔✔-(meeting of the minds, mutual agreement, mutual assent) as

evidences by signatures or action (making or accepting payment)


consideration - ANSWER✔✔-anything of value exchanged between the parties


valuable consideration - ANSWER✔✔-money


good consideration - ANSWER✔✔-anything besides money deemed valuable, goods or services


legal object - ANSWER✔✔-the purpose of the contract must be legal


reality of consent and competence - ANSWER✔✔-consent, fraud, undue influence, duress, competence


consent - ANSWER✔✔-freedom from misrepresentation


misrepresentation - ANSWER✔✔-misstatement of facts without intent to deceive


fraud - ANSWER✔✔-deliberate misrepresentation


Copyright ©Stuvia International BV 2010-2024 Page 1/7

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


undue influence - ANSWER✔✔-unfair advantage over another due to the relationship between the

parties


duress - ANSWER✔✔-the threat of physical injury or any other threat


competent - ANSWER✔✔-sober, of sound mind, and of legal age or an emancipated minor


void - ANSWER✔✔-a contract that lacks offer and acceptance, consideration, or legal object


voidable - ANSWER✔✔--intended to be contract but lacks consent and competence


-contract is valid unless party whose consent in questions requests that a court voids it


unenforceable - ANSWER✔✔-a valid contract that cannot be enforced because of a legal defense


statute of frauds - ANSWER✔✔-certain types of contacts, including real estate contracts must be in

writing


doctrine of laches - ANSWER✔✔-you lose your rights under the contact if you fail to assert them within a

reasonable time frame and can also be used to render a contract unenforceable (court defines

reasonable time frame)


statute of limitations - ANSWER✔✔-a hard legal limit on when you can bring a certain claim to court


Statute of Limitations in MA - ANSWER✔✔-you might have up to 20 years to file a lawsuit after someone

violates a contract depending on the type of contract


unilateral - ANSWER✔✔-one party makes a promise to do something


bilateral - ANSWER✔✔-simultaneous exchange of promises


executory contract - ANSWER✔✔-have been agreed to but not yet completed (middle of a lease)


Copyright ©Stuvia International BV 2010-2024 Page 2/7

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller KaylinHoffman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart