Offer and acceptance - Study guides, Revision notes & Summaries

Who elects the governing body of a mutual insurance company? - correct answer policyholders What year was the McCarran-Ferguson Act enacted? - correct answer 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - correct answer a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - corr...

BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts Four Elements of a Contract: CLAC - answer1. Contractual Capacity 2. Legal Object 3. Agreement (offer, acceptance) 4. Consideration Contract - answer-A promise or set of legally enforceable promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty. Agreement - answer(Offer &...

FUNDAMENTALS PROCTORED ATI EXAM 2023 RETAKE GUIDE/70 CORRECT QUISTIONS AND ANSWERS 1. A nurse is reinforcing information with a client who wishes to complete their advance directives. Which of the following statements should the nurse make? a) “You must have advance directives in place in order to refuse recommended treatment.” b) “An attorney is needed in order for you to name a designee in your health care proxy.” c) “You can decline to have certain medical procedures perfor...

Which of the following would create legally binding acceptance of a written offer? -The seller's agent emails the buyer's agent that the seller signed the offer as written. A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... -Add $22,500 to the sales price of the comparable property. An option to purchase has bee...

ICAEW ACA Law Question and answers 2024 verified to pass Contract - CORRECT ANSWER - An agreement which legally binds the parties What are the essential elements of a contract - CORRECT ANSWER - Offer and acceptance, agreement. Intention to create legal relationship consideration. Standard form contract - CORRECT ANSWER - A standard document prepared by many large organisations and setting out the terms on which they contract with their customers. Prepared by the dominant party which ...

when does the real estate agent give the seller's a copy of their listing agreement form? - immediately what are the elements needed for a valid purchase and sales agreement? - consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as collateral to secure a borrower's debt - package mortgage name of the state/local sales tax debt to the seller in the transfer of prope...

Legal Aspects of Electronic Commerce LML4810 Assessment 02/2023 for the Second Semester Unique no: Submission date: before Monday, 25 September 2023, 11:55 PM Assessment Question Discuss how the court dealt with the following issues in the case of Wildlife Jafta v Ezemvelo KZN [2008] 10 BLLR 954 (LC). Motivate your answers with reference to sources. (a) In order for Jafta to show that he had in fact accepted the offer of employment, the common law requirements for acceptance had to be met. L...

Promulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% AccuratePromulgated Forms - Champions 2024 Questions and Answers 100% Accurate Void Contract -ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -ANSWER-A ...

GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A Contract Law Notes Agreement and Contractual Intention Agreement: In order for parties to reach an agreement, one party must make an offer which is acceptedby the other. ‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ ‘Offeror’: Person who makes the offer....