Unliquidated debt - Study guides, Class notes & Summaries

Final Exam (BCOR 2301) Already Passed Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. providing acct. services - For...

CIPS L4M8 Exam Verified 100% Correct!! Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with...

LAW 575 final exam 30 out 30 correct 1) Which of the following is true regarding state and federal court jurisdiction? A. In all cases, state courts have concurrent jurisdiction with the federal courts. B. Federal courts begin with exclusive jurisdiction until a state court intervenes. In all cases, state courts have exclusive jurisdiction unless the C. state's supreme court grants jurisdiction to a federal court in the state. D In some cases, state courts have exclusive jurisdiction; in ...

Contract law demonstrates which excuses our society accepts for breaking certain types of promises. - Answer t Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding - Answer f In contract law, intent is determined by the personal or subjective intent, or belief, of a party - Answer f One of the four requirements of a valid contract is an adequate price - Answer f The term consideration refers to the legality of the...

FLORIDA REAL ESTATE EXAM $50,000 - ANSWER-Single judgement from Real Estate Recovery Fund .1 acre - ANSWER-43,560 square feet .1 bath in a 4 bed home - ANSWER-functional obsolescence .1 mile is - ANSWER-5,280 feet long .1 section contains - ANSWER-640 acres .1st step- city establish property tax rate - ANSWER-Estimate a budget .2 or more businesses combine their efforts - ANSWER-Joint venture .3...

CIPS L4M8 Exam Verified 100% Correct!! Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with...

CDFM Module 3 Exam Prep Questions & Answers 2023, Complete Solution, Over 350 Questions And Answers What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources rem...

TLI4801 Assignment 1 Semester 1 2022 (1a) Discuss the type of summons that will be used to institute Mrs Steven`s divorce action. (4) The combined summons will be used to institute Mrs Steven divorce action. According to Marnewick C.G (2012),1 Combined summons are primarily used where the plaintiff s ‟ claim is unliquidated, that is where it is not a claim for a debt or liquidated demand. A combined summons is a summons to which is annexed a statement of the material facts relied upon b...

Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. providing acct. services - Forbearance [refraini...

TECHNIQUES IN TRIAL AND LITIGATION, TLI4801 exam portfolio october QUESTION 1 1. (a) Generally, legal claims follow a process of written statements of claims in which an aggrieved party outline his/her claim. The statement must clearly state the claimant and that which he/she claim and against who and the reason for such a claim. Our legal system provides us with the following three types of summons: • Combined summons which is employed for unliquidated claim where a quantum must b...