Unilateral offers Study guides, Revision notes & Summaries

Six Elements of a Valid Contract - ANSWER-* Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - ANSWER-Bilateral or unilateral Bilateral contract - ANSWER-a promise for a promise Unilateral contract is: - ANSWER-a promise for an act Express contract is: - ANSWER-K where mutual assent of parties is verbal or written Implied contract - ANSWER-K established based on conduct of parties Quasi contract - ANSWER-No K, but courts act as matter...

Contract - A binding agreement that courts will enforce Requirements of a Contract - Mutual Assent, Consideration, Legality of Object, Capacity Express Contract - A contract, the terms of which are stated either orally or in writing Implied-in-Fact - A contract not created by the explicit agreement of the parties, but mutual assent is inferred by acts or circumstances Implied-at-law (quasi-contract) - No contract; Equitable remedy to prevent unjust enrichment Measure of recovery - not cont...

TEST BANK FOR INTERPERSONAL RELATIONSHIPS FOR PROFESSIONAL COMMUNICATION SKILLS FOR NURSING 8th EDITION BY ARNOLD | UPDATED VERSION ALL CHAPTERS. Chapter 1: Theory Based Perspectives and Contemporary Dynamics Arnold: Interpersonal Relationships, 8th Edition MULTIPLE CHOICE 1. When describing nursing to a group of nursing students, the nursing instructor lists all of the following characteristics of nursing except a. historically nursing is as old as mankind. b. nursing was originally pract...

COLORADO CONTRACTS AND REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Colorado Revised Statutes - -Colorado laws The license law exists to protect the public by setting a standard for competency and integrity. A real estate broker - -on behalf of another person, for any form of compensation, negotiates in real estate or any interest therein. An option - -a speculative, unilateral contract in which the optionee offers money now for the future right to buy a certain property. ...

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....

Jerry offers to shovel the snow from Ben's driveway for $35. Ben replies "OK. i This is an example of: correct answers an express, bilateral contract When Myrtle comes home from work one evening, she finds that her yard has been mowed and trimmed. Later, a tnan comes to collect for the yard work done. Myrtle refuses to pay for the work since she has never seen the man before and did not hire him to do her yard work. Which of the following answers is most accurate? correct answers myrtle wou...

Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? Not - Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions 22. Not - The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts Not - Agencies may separate requirements into smaller...

Ex: Customer brought a suit to a dry cleaner's for cleaning. Accidentally replaced two buttons and charged customer for it. Although the customer received a benefit, he does not have to pay for this service bc it was imposed on him, and thus he was not unjustly enriched under the circumstances. - Unjust Enrichment Rule: Parties exchange oral or written promises that explicity state the terms of their agreement. Ex: When a landlord and a tenant enter into an agreement to lease an apartment,...

Life & Health Insurance Exam Study 100% Accurate! A qualified Long-Term Care Policy may exclude losses incurred from preexisting conditions for no longer than ______ months from the effective date of coverage. 6 8 3 12 -ANSWER A Every LTC Policy that provides benefits of homecare or community-based services shall provide all of the following, except: A Adult day care B Respite care C Hospice services D Acute care -ANSWER D The contract type in which only one party is legall...

Agency - correct answerthe foundation upon which real estate brokerage is practiced. It describes a legal and ethical relationship between a real estate firm and a party to a transaction. Licensee - correct answerAny person licensed under state law to practice real estate. Broker - correct answerA person that, for another person, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate, whether directly or indirectly. A party is negotiating when: ...