Offeror definition - Study guides, Class notes & Summaries

CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

Contracting Final Exam Questions With 100% Correct Answers 6 essential elements of a contract. - answerMutual Assent Consideration Capacity Lawful Purpose Certainty of Terms Form Provided by Law Mutual Assent - answerat least two people, meetings of the minds o Consideration - answerEach party receives something of value and gives something of value, everybody benefits, Must be mutual. o Capacity- - answerIn order to be legally bound to a contract, a party must have the capacity to u...

Contracting Final Exam Questions With 100% Correct Answers 6 essential elements of a contract. - answerMutual Assent Consideration Capacity Lawful Purpose Certainty of Terms Form Provided by Law Mutual Assent - answerat least two people, meetings of the minds o Consideration - answerEach party receives something of value and gives something of value, everybody benefits, Must be mutual. o Capacity- - answerIn order to be legally bound to a contract, a party must have the capacity to u...

Contracting Final Exam Questions With 100% Correct Answers 6 essential elements of a contract. - answerMutual Assent Consideration Capacity Lawful Purpose Certainty of Terms Form Provided by Law Mutual Assent - answerat least two people, meetings of the minds o Consideration - answerEach party receives something of value and gives something of value, everybody benefits, Must be mutual. o Capacity- - answerIn order to be legally bound to a contract, a party must have the capacity to u...

factual cause - ️️-that the defendants failure to exercise reasonable care in fact cause the harm the plaintiff sustained -aka the defendant's conduct is a factual cause of the harm when the harm would not have occurred absent the conduct Requirements of a Contract - ️️1. mutual assent 2. consideration 3. legality of object 4. capacity essentials of an offer - ️️-definition: indication of willingness to enter contract -communication: offeree must have knowledge of the off...

ETH 321 - DL Week 4 Practice Assignment Questions and Answers Graded A+ What are compensatory damages? Damages awarded to return a non-breaching party to its former position Which of the following would qualify as valid consideration? 6.4: Consideration Carlie contracts with her landlord to pay for rent by landscaping the property and cleaning and painting empty apartments. Carlie's consideration is work and the landlord's consideration is Carlie's housing. All other response...

BLAW212 Exam Questions with All Correct Answers What is a contract? - Answer-A promise or set of promises which the law will enforce Four elements of a contract - Answer-Offer, acceptance, intention to be bound, consideration Definition of offer - Answer-An offer is clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding upon acceptance Invitation to treat - Answer-another party is invited to make an offer or enter negotiations Revocation...

Cost or Pricing - FAR 15.4 Latest Update Graded A+ Definition of Certified Cost or Pricing Data All facts, that as of the date of price agreement, or if applicable, an earlier date agreed upon between the parties that's as close as practicable to the date of agreement on price, prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental; and are verifiable. Pricing Policy PCO shall purchase from res...

Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment many times over. When the results do not match this promise, Don learns that Eve does not have access to any unique software and files a suit, alleging fraud. Proof of an injury is required to - A; recover damages. A major-league baseball team based on the North side of Chicago is in the playoffs and doing well. Behind the left-field wall there is an apartment buildin...