Express contracts require - Study guides, Class notes & Summaries

Contract -:- -A contract Is a Legally Enforceable Agreement (offer and Acceptance) -Voluntarily Entered Into between two (or more) Competent Parties, to Do or Not to Do something that is Possible to Be Done, that is Not Unlawful, and that is supported by Consideration. Employment Contracts -:- presumption of the employment contract is that it is for an indefinite period of time and is considered "at will"; including non competition agreements and benefit provisions Insurance Co...

PERRY BINDER EXAM 2 GSU QUESTIONS WITH 100% VERIFIED ANSWERS!!

1L Contracts acceptance - correct answer-An offeree's assent, either by express act or by implication from conduct, to the terms of an offer in a manner authorized or requested by the offeror, so that a binding contract is formed; can be through words, actions, or even sometimes silence or inaction; objective Acceptance of partial payment in promissory restiution - correct answer-can show the party who conveyed the benefit expected payment (not a good samaritan act) actual authority (age...

Construction Contracts 2024 Test Questions with Correct Answers Construction parties - Answer-owners- analysis, financing -(realty personnel for the parcel of land on market) -designer, a report describes the program requirements - construction docuemtn -contructors contructing procedures - Answer-General contract method, separate contracts, self-performance, design-build, professional construction management method construction management at risk (CM at risk) General contract m...

CPCM Practice Test Questions with Correct Answers Competitive negotiation - Answer-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract - Answer-A contract for...

To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known as the: a) occurrence limit b) aggregate limit a) occurrence limit Which of the following is a cause of loss...

WARRANT BOARD PREP EXAM QUESTIONS AND ANSWERS What kinds of things could cause you to lose your warrant ? - answerUpon retirement, reassignment, termination or unsatisfactory performance. Must be submitted in writing. FAR 1.603-4; AFFARS MP 5301.603 Over and above work/ clause - answerOver and above requirements task the contractor to identify needed repairs and recommend corrective action during contract performance. The contractor submits a work request to identify the over and above wo...

Which one of the following elements must exist in order to prove fraud? Select one: A. A representation that was related to a past, existing, or future fact. B. A representation, whether true or untrue, that was made maliciously. C. The intent of the representation was to influence or deceive. D. The plaintiff may or may not have acted anyway, but the representation influenced the decision. - ️️C. The intent of the representation was to influence or deceive. James wants to pursue a le...

Property and Casualty Insurance Licensing Exam Complete Solutions To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known as the: a) occurrence limit b) aggregate limit a) oc...