Law of contracts exam - Study guides, Class notes & Summaries

AIC 301 Exam Questions With All 100% Correct Answers What are the elements of a legally binding contract? - Answer -To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? - Answer -In bilateral con...

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CTCD 2024 EXAM WITH 100% CORRECT ANSWERS Vendor Communication Agency - Initiated {Evaluation and Negotiation} - correct answer Clarify vendor can meet requirements Negotiations Exchange of info to facilitate contract award {G8-9, A3} When must responses be received by? - correct answer On or before the due date and established time in the solicitation {G64} Solicitation Process: Advertisement (ESBD) - correct answer Solicitations over $25k must be posted to ESBD as well as the notic...

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Real Estate Law of Contracts Exam Questions and Correct Answers 2024

Law of contracts exam 1 Terms

LEGL 2700 Roessing Exam 2 Questions and Answers Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer ️️ Tangible (touchable), movable personal property Bilateral Contract - Answer ️️ Promise in exchange for a promise Involves promisor ...

All of the following acts on the part of a real estate broker would constitute steering and thus be prohibited under the Fair Housing Act EXCEPT: A) directing a prospective buyer of one minority group to work only with a salesperson of the same minority group and to look at areas dominated by that minority group B) directing a member of one minority group away from properties located in areas dominated by other races C) referring a member of one minority group to properties located only i...

Property and Casualty PA Quiz Questions Latest 2024 Rated A+ All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and submitted Complete a four-week long pre-licensing course All of the following statements are correct except: -An applicant has up to one year to be licensed after successfu...

LAW OF CONTRACTS CHAMPIONS EXAM, PRACTICE EXAM AND STUDY GUIDE LATEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+