Bilateral agreement - Study guides, Class notes & Summaries

Promulgated Contract Forms Practice Test Questions With All Correct Answers Elements of a Valid and Enforceable Contract - CORRECT ANSWERS 1. Competent Parties 2. Offer and Acceptance (mutual consent) 3. Legal Purpose 4. In Writing 5. Consideration Valid Contract - CORRECT ANSWERS A contract that meets all the requirements of law. Void Contract - CORRECT ANSWERS A contract having no legal force or binding effect...

WSET Level 4 D2 Question with complete solution 2023Describe what happens when relative supply and demand change - When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower price to remain competitive. Fall in prices lead to increased demand in the long run - When demand exceeds supply: price increase, consumers willing to pay higher for some wines; others simply switch to another wine or a different alcoholic drink The general fact...

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license in escrow or find another broker Disciplinary actions that can be taken by the ...

Obligation Correct Answer-A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract Correct Answer-An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract Correct Answer-A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: Correct Answer-A contract in which each party obtains an...

APA writing styles (Academic Writing) ANSWERS PEREGRINE ALL ANSWERS Spring-2023 LATEST SOLUTION 100% CORRECT GUARANTEED GRADE A+ 1) What if anything, is incorrect with the font style used in this example text Answer=used Arial narrow font style (img. Of Literature- review…leadership) 2) What if anything, is incorrect with the line spacing used in this example text? Answer=there is an extra line after paragraphs; all text should simply be doublespaced. 3) There are no apa manuscript ...

AGB 302 WEEK 5 QUIZ LATEST UPDATE WITH VERIFIED SOLUTIONS When a tourist goes to a bank in a foreign country to convert money into a local currency exchange rate used is the Forward rate spot rate currency swap rate carry trade Spot rate Country X and country Y reach an agreement to boost bilateral trade they agreed to remove all barriers to the trade of goods and services. They however are free to determine their own trade policies with regard to nonmembers which level of economic integrat...

CON 2370 Simplified Acquisition Procedures Questions and Answers Already Passed You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? Purchases shall be made in the...

Civil Law correct answers Regulates the rights and duties between parties Agent correct answers A person who acts for someone else Bilateral Contract correct answers A promise made in exchange for another promise Common Law correct answers Judge-made law Law made when judges decide cases and then follow those decisions in later cases Predictability and flexibility are the most important goals Still predominates in contract law, agency law, and tort law Contract correct answers A l...

Unilateral Contract - Answer A one-sided agreement. Only one party makes a promise. The second party does not have to act, but if they do, the first party must keep the promise. Paragraph 23 is a unilateral contract within the bilateral contract. Bilateral Contract - Answer Both parties to the contract must promise to do something. A sales contract is a BILATERAL contract because both the buyer and seller make a promise.