CCCM EXAM QUESTIONS
CCCM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
CCCM - ACCURATE ANSWERS✔✔ Certified Commercial Contracts
Manager
Bilateral Contract - ACCURATE ANSWERS✔✔ Two parties, purchase
contract
Unilateral Contract - ACCURATE ANSWERS✔✔ 1st party promise,
2nd party actual performance
Unilateral Contract when is it binding - ACCURATE ANSWERS✔✔
When 2nd party performs
,Express Contract - ACCURATE ANSWERS✔✔ Oral or written,
manifested in words
Implied Contract - ACCURATE ANSWERS✔✔ Inferred from conduct
alone
Aleatory Contract - ACCURATE ANSWERS✔✔ performance by one
party is contingent on occurrence of uncertain future event.
Aleatory example - ACCURATE ANSWERS✔✔ Insurance contract
Implied-in-law - ACCURATE ANSWERS✔✔ Quasi Contract - a
contractual obligation imposed by the law to prevent unjust enrichment
Quasi Contract - ACCURATE ANSWERS✔✔ a contractual obligation
imposed by the law to prevent unjust enrichment
Adhesion Contract - ACCURATE ANSWERS✔✔ One side highly
restrictive - court may not enforce
Not truly voluntary or possibly coerced - ACCURATE ANSWERS✔✔
Adhesion Contract
Divisible Contract - ACCURATE ANSWERS✔✔ Severable (must have
2 or more distinct components)
, Severable Contract - give another name - ACCURATE ANSWERS✔✔
Divisible Contract
Installment Contract - ACCURATE ANSWERS✔✔ Obligations are in
increments over defined time.
UCC requires separate shipments to be separately accepted in which
kind of contract? - ACCURATE ANSWERS✔✔ Installment Contract
UCC views each delivery as an independent contract in which kind of
contract - ACCURATE ANSWERS✔✔ Installment Contract
Tangible goods - ACCURATE ANSWERS✔✔ Chattels, merchandise,
personal property, commodities provided they are legal and offered for
sale
Tangible goods must have these components - ACCURATE
ANSWERS✔✔ legal and offered for sale
Moveable personal property v commodities - ACCURATE
ANSWERS✔✔ Moveable personal property is Chattels. Commodities
can be chattels, but could also have 'valuable interest' in gold, livestock
that are sold in commercial markets
CCCM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
CCCM - ACCURATE ANSWERS✔✔ Certified Commercial Contracts
Manager
Bilateral Contract - ACCURATE ANSWERS✔✔ Two parties, purchase
contract
Unilateral Contract - ACCURATE ANSWERS✔✔ 1st party promise,
2nd party actual performance
Unilateral Contract when is it binding - ACCURATE ANSWERS✔✔
When 2nd party performs
,Express Contract - ACCURATE ANSWERS✔✔ Oral or written,
manifested in words
Implied Contract - ACCURATE ANSWERS✔✔ Inferred from conduct
alone
Aleatory Contract - ACCURATE ANSWERS✔✔ performance by one
party is contingent on occurrence of uncertain future event.
Aleatory example - ACCURATE ANSWERS✔✔ Insurance contract
Implied-in-law - ACCURATE ANSWERS✔✔ Quasi Contract - a
contractual obligation imposed by the law to prevent unjust enrichment
Quasi Contract - ACCURATE ANSWERS✔✔ a contractual obligation
imposed by the law to prevent unjust enrichment
Adhesion Contract - ACCURATE ANSWERS✔✔ One side highly
restrictive - court may not enforce
Not truly voluntary or possibly coerced - ACCURATE ANSWERS✔✔
Adhesion Contract
Divisible Contract - ACCURATE ANSWERS✔✔ Severable (must have
2 or more distinct components)
, Severable Contract - give another name - ACCURATE ANSWERS✔✔
Divisible Contract
Installment Contract - ACCURATE ANSWERS✔✔ Obligations are in
increments over defined time.
UCC requires separate shipments to be separately accepted in which
kind of contract? - ACCURATE ANSWERS✔✔ Installment Contract
UCC views each delivery as an independent contract in which kind of
contract - ACCURATE ANSWERS✔✔ Installment Contract
Tangible goods - ACCURATE ANSWERS✔✔ Chattels, merchandise,
personal property, commodities provided they are legal and offered for
sale
Tangible goods must have these components - ACCURATE
ANSWERS✔✔ legal and offered for sale
Moveable personal property v commodities - ACCURATE
ANSWERS✔✔ Moveable personal property is Chattels. Commodities
can be chattels, but could also have 'valuable interest' in gold, livestock
that are sold in commercial markets
