Unilateral contracts - Study guides, Revision notes & Summaries
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Promulgated Contract Forms Practice Test Questions With All Correct Answers
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Promulgated Contract Forms Practice Test Questions With All Correct Answers 
 
Elements of a Valid and Enforceable Contract - CORRECT ANSWERS 1. Competent Parties 
2. Offer and Acceptance (mutual consent) 
3. Legal Purpose 
4. In Writing 
5. Consideration 
 
Valid Contract - CORRECT ANSWERS A contract that meets all the requirements of law. 
 
Void Contract - CORRECT ANSWERS A contract having no legal force or binding effect...
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Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024
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Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 
1. A life insurance company is organized in Orlando where it maintains its home 
office. In Florida, the company is classified as a 
a. domestic company 
b. local company 
c. foreign company 
d. preferred company 
a 
2. With regard to life insurance, all of the following statements are correct 
EXCEPT 
a. all individuals are considered to have insurable interests i...
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NC 302 Post Licensing
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Classifying contracts: 
Express & Implied - Answer-Express: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - Answer-Bilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - Answer-Executed - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (befor...
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct)
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
 
How is practicing real estate without a license punishable as? - ANSWER- Third degree felony 
 
Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and must sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty? - ANSWER- Limited con...
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Illinois Life Producer General Exam SIMULATOR Questions And Guaranteed Pass Solutions.
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Consumer reports requested by an underwriter during the application process of a life insurance policy can be used to determine - Answer probability of making timely premium payments 
 
The purpose of these reports is to provide a picture of an applicant's general character and reputation, mode of living, finances, and any exposure to abnormal hazards. 
 
Which statement about a whole life policy is true - Answer Cash value may be borrowed against 
 
When an individual is planning to prot...
And that's how you make extra money
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Exam 2: NU 518/ NU518 (Latest 2024/ 2025 Update) 400+ Qs and As| 100% Correct| Grade A (Verified Answers)
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Exam 2: NU 518/ NU518 (Latest 2024/ 2025 Update) 400+ Qs and As| 100% Correct| Grade A (Verified Answers) 
 
Q: A 67-year-old lawyer comes to your clinic for an annual examination. He denies any history of eye trauma. He denies any visual changes. You inspect his eyes and find a triangular thickening of the bulbar conjunctiva across the outer surface of the cornea. He has a normal pupillary reaction to light and accommodation. Based on this description, what is the most likely diagnosis? 
A) Cor...
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Aceable Agent Texas Real Estate Principles I questions and answers
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Broker's Price Opinion (BPO) 
A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property 
 
 
 
Closing 
The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount 
 
 
 
Comparative Market Analysis (CMA) 
A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024
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ADJUSTER PRO - INSURANCE 
ADJUSTER TEST(QUESTIONS AND 
REVIEWED ANSWERS) 2023-2024 
What is insurance? - CORRECT ANSWER-protection against financial loss 
what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an 
insurance policy. 
What are premiums used for - CORRECT ANSWER-premiums are collected into a 
"pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? - 
CORRECT ANSWER-the insurer collect...
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NC 302 Post Licensing Questions & Answers 100% Correct!
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Classifying contracts: 
Express & Implied - ANSWERSExpress: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - ANSWERSBilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - ANSWERSExecuted - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (befor...
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BUL 3310 EXAM 2 QUESTIONS WITH REVISED ANSWERS
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BUL 3310 EXAM 2 QUESTIONS WITH REVISED ANSWERS 
Under the Code, parties may agree to modify the terms of an existing contract without providing new consideration. 
 
True 
False - Answer-True 
 
Todd bought a lawn tractor from LawnToysRus. The law that governs this sales contract is 
 
The Uniform Commercial Code 
The Convention on the International Sale of Goods 
State common law 
Federal common law - Answer-The Uniform Commercial Code 
 
An offeree is 
 
The person who makes an offer to form ...
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