Implied terms commercial - Study guides, Revision notes & Summaries

contract - Correct ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Correct ️️ most important example of state-based legislation impacting contract law goods - Correct ️️ tangible, movable items of personal property bilateral contract - Correct ️️ an agreement containing mutual promises unilateral contract - Correct ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promis...

LEGL 2700 Chapter 3 – Roessing Exam Questions and Answers contract - Answer ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Answer ️️ most important example of state-based legislation impacting contract law goods - Answer ️️ tangible, movable items of personal property bilateral contract - Answer ️️ an agreement containing mutual promises unilateral contract - Answer ️️ an agreement with only one promise, and only one party is c...

CPCM Certification exam 100% correctly answered Competitive negotiation - CORRECT 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 - CORRECT ANSWE...

Requirements for Promissory Estoppel - ️️There is a promise that the promisor should foresee is likely to induce reliance Actual reliance on the promise by the promisee Injustice occurs as a result of the reliance Offer Requirements - ️️Present intent Specificity of terms Communication of offer to offeree Elements of a Contract - ️️Offer Acceptance Consideration Capacity Legality Bodies of Contract Law - ️️Common law Uniform Commercial Code (UCC) Contract - ️️A ...

bioethics correct answer: The study of ethics related to issues that arise in health care. ethics correct answer: sustained and intentional reflection on morality and the moral life with analysis, discontent, reasoning, and arguments moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their custom utilitarianism correct answer: 1 fundamental moral good-to maximize outcomes of ...

LEGL 2700 Test 2 Hackleman Questions and Answers | Latest Update | 2024/2025 | 100% Verified What is implied contract? An implied contract is an agreement inferred from the actions or conduct of the parties rather than from explicit words. What is novation in contract law? Novation is the replacement of an old contract with a new one, which may include the substitution of one party for another. What is statute of frauds? The statute of frauds requires certain types of co...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

Property and casualty insurance Exam Questions and Answers Part oneWhich of the following are the authorities that an agent can hold? - correct answer Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - correct answer Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - correct answer Temporary worker The major portion of the premium of an equipment breakdo...

1. Which of the following are the authorities that an agent can hold ANS Express and implied 2. Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight ANS Permanent partial disability 3. Who is NOT considered an employee in an commercial general liability (CGL) policy ANS Temporary worker 4. The major portion of the premium of an equipment breakdown policy pays?- : For inspections and examinations 5. An insured owns a building valued at $400,0...

Which of the following are the authorities that an agent can hold? - Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - Permanent partial disability Who is NOT considered an employee in an commercial general liability (CGL) policy? - Temporary worker The major portion of the premium of an equipment breakdown policy pays? - For inspections and examinations An insured owns a building valued at $400,000. To comply with t...