Rejection valid for - Study guides, Class notes & Summaries

Contract - Answer-"a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty." Covenant not to complete - Answer-restrict what an employee may do after leaving a company, and they often dictate where, when, and with whom an employee may work Four elements needed for a contract: - Answer-Agreement, the consideration, contractual capacity, and legal object Consideration - Answer-bargained-for exchange or wh...

Contract - Agreement for whose breach of the law provides a remedy What three things does a contract require? - 1) offer 2) acceptance 3) consideration What are the 5 ways an offer can be terminated? - 1) Revocation: Can be done up to acceptance 2) Refusal/Rejection: contract no longer valid after refusing/rejection, cannot change mind 3) Counter offer: implicit rejection of original offer. ie asking for it for a lower price 4)Time Limits: w/o one law will read a reasonable time 5) D...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

What is a contract correct answer: An agreement Supported by consideration Made for lawful purpose; and Between competent parties What are the requirements for an agreement correct answer: One person (offeror) must make an offer which is accepted by some other person (offeree) What is required for an offer to be valid correct answer: Contractual intention All of the necessary terms provided Communication to the offeree Does the price have to be specifically stated within the...

What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - ANSWER-D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the ...

cost of inspection - correct answer 26000+ 51.00 M/C. 12.00 All others 20.00 Rejection valid for - correct answer 15 days Brake warning light since - correct answer Jan. 1 1968 pad or shoe minimum thickness - correct answer 2/32" stopping distance from 20mph - correct answer 25 feet four wheel brakes 45 feet two wheel brakes 40 feet. combination vehicles trailer brakes (less than 10000 lbs) - correct answer must apply during breakaway must remain applied for 15 minutes bo...

distributions Pros and cons of preferred shareholders - answerPros- receives dividends and dissolution first Cons- no right to vote Shareholder Derivative Action - answerWhen someone has harmed a company and the company hasn't done anything- a shareholder can stand in place of the company and sue that person on behalf of a company AFTER they have made demand for action What is a prerequisite before someone can file shareholder derivative action? - answerHAVE TO MAKE DEMAND OF THE CORPOR...

TEST BANK FOR NURSING TODAY: TRANSITION AND TRENDS 11TH EDITION BY ZERWEKH | ALL CHAPTERS 1-26 COVERED | COMPLETE LATEST GUIDE. Chapter 01: Role Transitions Zerwekh: Evolve Resources for Nursing Today, 11th Edition MULTIPLE CHOICE 1. A graduate nurse has been hired as a nurse at a local hospital. The new nurse is in the honeymoon phase of role transition when making which of the following statements? a. “I am so nervous about being on my own as a nurse.” b. “This will be a great le...

tangible personal property - Answer-personal property that can be moved contract - Answer-legally enforceable agreement that is created when two or more competent parties agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet certain legal requirements offer - Answer-a proposal made by one party (the offeror) to another person (the offeree) that indicates a willingness to enter into a contract offeror - Answer-the person making the proposal ...