Unconscionability Study guides, Class notes & Summaries

REG exam 2 questions & answers 100% CORRECT 2024/2025 can an oral contract be enforceable that takes longer than 1 year to complete? - ANSWERS1. yes, although under Statute of Frauds most contracts that cannot be completed within one year must be evidenced by writing, there is an exception if one party has FULLY PERFORMED his part of contract. novation - ANSWERSnovation occurs when a new contract substitutes a new party for an old party in an existing contact on the agreement of all part...

The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit - Answer- d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI - Answer- c) Resource-seeking FDI Under the Uniform Commerci...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024 Legality -Answer-The condition of conformity with the law; lawfulness. Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the ...

Mutual Assent A meeting of the minds; consent; agreement Recission the abrogation, annulment, or cancellation of a contract by the act of a party Unconscionability form of contract where a dominant party haas taken unfair advantage of a weaker party and has imposed terms and conditions that are unreasonable and one-sided Fraud deceit, deception, or trickery that is intended to induce, and does induce, another to part with anything of value or surrender some legal right Misrepresentation ...

Property Management Latest Update with Certified Solutions Cash Flow Report the single most important financial report. A financial report showing the property's net operating income minus all additional disbursements such as debt service and capital improvements and the amount remitted to the owner. Cash flow An item in a property's financial operating reports that represents the net operating income minus all additional disbursements such as debt service and capital improvements. Anticipate...

Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024 Legality -Answer-The condition of conformity with the law; lawfulness. Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the ...

LEGL 2700 FINAL EXAM QUESTIONS AND ANSWERS | LATEST VERSION | 2024/2025 | GRADED A+ What is the parol evidence rule in contract law? The parol evidence rule prohibits the introduction of oral or written statements made before or during the formation of a written contract that contradict or alter the written terms. What does performance standard mean in contract performance? The performance standard sets the level of quality or manner in which contractual obligations must be fulfi...

The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit - correct answer d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI - correct answer c) Resource-seeking FDI Under the Un...

Marriage is... Correct Answer (1) Promise of loyalty/companionship (2) Means of financial support/stability (3) Union of finances (property transaction) (4) Union of families (5) Status (6) Means for financial support (7) Sanctioned sex (8) A contract Families are special from a legal standpoint Correct Answer (1) Constitutional implications → free from gov't interfering (2) Testimonial privileges (3) Contraceptives (Griswold) (4) Gov't cannot specify how parents must educate th...