Impossibility - Study guides, Class notes & Summaries

When a contract contains all of the essential elements that make it legally sufficient or enforceable and is binding in a court of law, it is - The answer is valid. A valid contract meets all of the required essential elements (i.e., offer and acceptance, consideration, legal purpose, consent, and legal capacity). A valid legal contract must have - legally competent parties. The parties must be of legal age and have enough mental capacity to understand the nature or consequences of their act...

what is strict performance? - recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable what is substantial performance? - 1 party fulfills enough of the contract to obtain a warrant of payment what results from a failed substantial performance? - the party that fails to perform will receive nothing in the contract itself & will recover only the value of the work (if any) ...

Texas Real Estate Brokerage SAE Questions and Answers | Latest Version | 2024/2025 | Graded A+ 1. **Purpose of SWOT Analysis** **What does a SWOT analysis help determine?** A SWOT analysis helps identify the strengths, weaknesses, opportunities, and threats facing a business. 2. **Disaster Recovery Planning** **Who is best positioned to assist in writing your firm's disaster recovery plan?** You and your staff have the most pertinent information about your firm's operati...

WGU C211 Global Economics Final Exam Questions and Answers 100% Correct ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, ...

14th Amendment - Have to have a basis to treat people, but can still treat people differently 3 Methods by which the Constitution has been amended - Expressly (formal amendment, only 27) By interpretation (Judicial interpretation by Supreme Court) By practice (how things are done historically) 4 Jurisprudential Schools - Historical, Realist, Positivist, Natural Law 4 Principles of Law (Aquinas) - Must be reasonable Must be publicly disclosed Must come from a position of power/ authority ...

When a contract contains all of the essential elements that make it legally sufficient or enforceable and is binding in a court of law, it is - The answer is valid. A valid contract meets all of the required essential elements (i.e., offer and acceptance, consideration, legal purpose, consent, and legal capacity). A valid legal contract must have - legally competent parties. The parties must be of legal age and have enough mental capacity to understand the nature or consequences of their act...

policy - Answer-the intentional course of action or inaction taken to deal with a problem public policy - Answer-policy made by government officials, such as legislators, governors, agency directors and judges, that commits the government to a course of (in)action goal of public policy - Answer-value creation or loss prevention + the enhancement of either US Constitution preamble - Answer-"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure ...

Texas Real Estate Brokerage SAE Exam Questions with Complete Solutions| Verified & Updated The strengths, weaknesses, opportunities, and threats facing a business - Answer ️️ -What is a SWOT analysis useful for determining? You and your staff - Answer ️️ -Who has the best information about your firm's operations to assist in writing your disaster recovery plan? The number of licensees to use - Answer ️️ -Which of the following is one of the key decisions a brokerage makes whe...

BUL 3130 TEST 1 QUESTIONS WITH VERIFIED ANSWERS Which of the following is not an equitable remedy? - Answer-money damages Damages intended to punish a wrongdoer are called _____________. - Answer-punitive damages In which of the following situations would a delegation of contractual duties be allowed? - Answer-a painter hired to paint a house When a party has knowledge that either a complete or a partial breach will occur by the other party and therefore refuses to perform, this is re...

The _________________ establishes a deadline by which a party must sue to enforce a contract - Statute of limitations Under the common law of contracts, a party is entitled to payment if the party substantially performs the contract. The elements of substantial performance are 1) the party performed in good faith, 2) the performance must not vary greatly from the promised performance, and 3) ____________. - the performance creates substantially the same benefit as the contractually promised...