A contract is an agre - Study guides, Class notes & Summaries

PriorityA contract is an agreement that creates obligations which are enforceable by law, the purpose of a contract is basically to establish the agreement that the parties have put in place and to ensure all the rights and duties are in accordance with that agreement. In this case, Steve enters into different contracts, one with Liv and another one with Dane. The type of contract existing between these parties is Express contract. In this type of contract, the parties involved state the terms...

A contract is an agreement between two or more parties, enforceable by law, by which each party promises to do, or not do, something. d. retirement plan contributions - Answer- When deciding whether to have staff members or a contractor perform a task, a manager should consider each of the following EXCEPT: a. supervision b. expertise c. number of people d. retirement plan contributions TRUE - Answer- TRUE OR FALSE: When deciding whether to have staff members or a contractor perfo...

Applying the parole evidence rule a written contract is the final expression of the party’s agreement and may not be contradicted by oral or written agreements made prior to the writing. oral agre ements may be used to change a final written contract if the final written contract isn’t exactly conforming to the pre-contract agreements. written contracts with ambiguous terms are automatically void and cannot be corrected. written agreements may be used to change a final written contract if th...

1. Which of the fol following lowing cannot be lawf lawfully ully exercised by a non-stock corporation? a. Pay dividend b. Elect trustees c. Amend the Articles of Incorporation d. Adopt by-laws 2. A b ond issue to pay-off prior floating in indebtedness debtedness of th the e corporation issuing it is called a. Convertible bond b. Equipment bond c. Collateral bond d. Funding bond 3. 4. 5. A bond secured by stocks or other bon bonds ds or both which are owned by the debtor, the securities being de...