Implied in law contract Study guides, Class notes & Summaries
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LEGL 2700 Roessing Test 3 exam 2023 with 100% correct answers
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contract - correct answer -a legally enforceable promise or an exchange of promises 
 
Uniform Commercial Code (UCC) - correct answer --covers the sale of goods 
-goods are tangible, movable items of personal property 
-applies to individuals & firms 
-uniform state law 
-Article 2: applies to contracts 
-Section 207: "Battle of Forms" -> Deal still goes through 
 
bilateral contracts - correct answer --involve a promise for promise exchange ( mutual promises) 
-acceptance is before acti...
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BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions
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BUL 4421 Final - FAU Gendler Exam 
Questions With Complete Solutions 
CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts 
Four Elements of a Contract: CLAC - answer1. Contractual Capacity 
2. Legal Object 
3. Agreement (offer, acceptance) 
4. Consideration 
Contract - answer-A promise or set of legally enforceable promises for the breach of which 
the law gives a remedy or the performance of which the law in some way recognizes a duty. 
Agreement - answer(Offer &...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023 
Acquit - Correct Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge 
 
Bail Enforcement - Correct Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted 
 
obligor - Correct Answer-the party who owes the duty or debt...
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LEGL 2700 UGA Test 1 Questions and Answers | Latest Version | 2024/2025 | 100% Pass
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LEGL 2700 UGA Test 1 Questions and 
Answers | Latest Version | 2024/2025 | 
 
100% Pass 
 
What is the primary purpose of contract law? 
 To enforce agreements made between parties and ensure that promises are fulfilled in a 
legally binding manner. 
 
What elements must be present for a contract to be legally enforceable? 
 Offer, acceptance, consideration, mutual assent, and a legal purpose. 
 
How does consideration function in a contract? 
 
 Consideration refers to something of value exchan...
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Michigan Property & Casualty Exam 2023/2024 with Complete Solutions
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Indemnity - ANSWER-a payment for damages or loss 
 
Risk - ANSWER-Uncertainty or chance of loss occurring 
 
Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain 
 
Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) 
 
Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. 
 
Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. 
 
Peril ...
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MD Title Insurance Producer License PASSED Exam Questions and CORRECT Answers
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Quasi-Contract - A contract this is implied by law and a way for courts to correct or 
remedy a situation and to prevent unjust enrichment. 
Void for Vagueness - 1. An incomplete and uncertain contract based on vague terms --- 
which may be void 
2. If a determination is not reached, the courts may void the contract or severe the terms. 
Statue of Frauds Includes: - - Contracts that cannot be performed in one year 
- Contracts for the sale of real estate, real property, or land. 
- Contracts ...
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IDRL 320 Final Question with complete solution 2023
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IDRL 320 Final Question with complete solution 2023Arbitrator 
an independent person or body officially appointed to settle a dispute. 
 
 
 
collective agreement 
The employment agreement reached between the union and employer setting out the bargaining unit employees' terms and conditions of employment. 
 
 
 
Common Law 
A system of judge-made rules. Common law rules can evolve as social values change. 
 
 
 
Contract of employment 
a legal agreement between employer and employee listing the...
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WGU C963 - Objective Assessment(Solved 100%)2023/2024
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WGU C963 - Objective Assessment(Solved 100%)2022 
Major contributors to social contract theory 
Hobbes, Locke, Reasseau 
 
 
Social Contract Theory 
We need food, clothing and shelter to survive and nothing should interfere with our ability to obtain them. We may also choose to believe in a god. The belief gives definition to our existance. Therefore it is important we define ourselves as individuals. 
 
 
 
 
 
 
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Enlightenment Influence on Constitution 
Bill of Rights and the Seco...
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