Assent c Study guides, Class notes & Summaries

ABC analysis - ANS>inventory control system that divides the inventory into three classes: A, B, and C, depending on the value and importance of the item accelerated depreciation method - ANS>allows asset own to take greater amounts of depreciation during early years of asset's life, defers some of the taxes until later years acceptable quality level (AQL) - ANS>quality standard that allows for a prespecified number of defects acceptance - ANS>an assent to an offer in accorda...

Champions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete Solutions The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, considerat...

Contract Law for Paralegals Exam Questions and Answers 100% Pass What is a contract? -Answer-a contract is a legally enforceable agreement composed of a promise or promises that have been agreed on and that create both rights and duties for the parties to the agreement. Requires: - mutual assent, - consideration, aka "bargained-for exchange of promises", and - no defenses to formation. (#1, 8) . What law applies to: Services Land Goods -Answer-• common law (state case law) for se...

Texas Promulgated Contracts-CHAMPIONS STUDY . The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of real estate,...

The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - answer B;A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void - answer A;In the business of re...

CPCE Study Guide 1945 Questions with Answers 2023 The Sensorimotor period is part of whose developmental stage theory? - CORRECT ANSWER Piaget Presenting stimuli in different sequences to reduce "order of presentation" influences in an experiment is called: - CORRECT ANSWER Counterbalancing The Eskimo word "piblokto" refers to "arctic hysteria," characterized by uncontrolled screaming and crying that is often accopanied by running through the snow naked. This is an example of wh...

B - In addition to the four essential elements, which of the following is necessary to make a real estate sales contract valid? A. all of the answers shown B. it must be in writng C. the mortgage lender must be listed D. the closing must take place at a lender's place of business B - Mutual agreement is also referred to as A. mutual assent B. all of the answers shown C. offer and acceptance D. meeting of the minds B - An offeror revokes an offer and the revocation is received by the ...

Texas Promulgated Contracts CHAMPIONS Exam |QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024 The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and . (a) Default (b) Mutual consent (c) Property condition (d) Recording B A(n) contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c...

Chapter 1: Overview of Legal Framework........................................................................................................4 Multiple choice................................................................................................................................................................................ 4 True or False......................................................................................................................................................

Test Bank Student Version Chapter 1: Overview of Legal Framework........................................................................................................4 Multiple choice................................................................................................................................................................................ 4 True or False..........................................................................................................................