Exam (elaborations)
AIC 301 - EXPANDING YOUR CLAIMS PERSPECTIVE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AIC 301 - EXPANDING YOUR CLAIMS PERSPECTIVE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AIC 301 - EXPANDING YOUR CLAIMSPERSPECTIVE QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
BilateralDContractD-
DANSWERDADtypeDofDcontractDthatDarisesDwhenDaDpromiseDisDgivenDinDexchangeDforDaDreturnDpromise.
UnilateralDContractD-
DANSWERDADcontractDinDwhichDonlyDoneDpartyDmakesDaDpromiseDorDundertakesDtheDrequestedDperforman
ce.
PromisorD-DANSWERDTheDpartyDtoDaDcontractDmakingDaDpromise
PromiseeD-DANSWERDTheDpartyDtoDaDcontractDtoDwhomDaDpromiseDisDmade.
PrivityDofDcontractD-DANSWERDTheDrelationshipDthatDexistsDbetweenDtheDpartiesDtoDaDcontract.
Third-partyDbeneficiaryD-
DANSWERDADpersonDwhoDisDnotDaDpartyDtoDaDcontractDbutDwhoDbenefitsDfromDitDandDhasDaDlegalDrightDtoDen
forceDtheDcontractDifDitDisDbreachedDbyDeitherDofDtheDcontractingDparties.
UniformDCommercialDCodeD-
DANSWERDADcodeDofDfederalDlawsDthatDgovernDcommercialDtransactionsDinDtheDUnitedDStates.
ExpressDcontractD-DANSWERDADcontractDwhoseDtermsDandDintentionsDareDexplicitlyDstated.
ImpliedDcontractD-
DANSWERDADcontractDwhoseDtermsDandDintentionsDareDindicatedDbyDtheDactionsDofDtheDpartiesDtoDtheDcont
ractDandDtheDsurroundingDcircumstances.
Implied-in-factDcontractD-
DANSWERDADcontractDthatDisDnotDexpressDbutDthatDtheDpartiesDpresumablyDintended,DeitherDbyDtacitDunder
standingDorDbyDtheDassumptionDthatDitDexisted.
, Implied-in-lawDcontractD-
DANSWERDAnDobligationDthatDisDnotDanDactualDcontractDbutDthatDisDimposedDbyDlawDbecauseDofDtheDparties
'DconductDorDsomeDspecialDrelationshipDbetweenDthemDorDbecauseDoneDofDthemDwouldDotherwiseDbeDunj
ustlyDenriched.
VoidableDcontractD-
DANSWERDADcontractDthatDoneDofDtheDpartiesDcanDrejectD(avoid)DbasedDonDsomeDcircumstanceDsurroundin
gDitsDexecution.
VoidDcontractD-
DANSWERDAnDagreementDthat,DdespiteDtheDparties'Dintentions,DneverDreachesDcontractDstatusDandDisDthere
foreDnotDlegallyDenforceableDorDbinding.
StatuteDofDfraudsD-
DANSWERDADlawDtoDpreventDfraudDandDperjuryDbyDrequiringDthatDcertainDcontractsDbeDinDwritingDandDcont
ainDtheDsignatureDofDtheDpartyDresponsibleDforDperformingDthatDcontract.
UndueDinfluenceD-
DANSWERDTheDimproperDuseDofDpowerDorDtrustDtoDdepriveDaDpersonDofDfreeDwillDandDsubstituteDanother'sD
objective,DresultingDinDlackDofDgenuineDassentDtoDaDcontract.
DuressD-
DANSWERDTheDuseDofDrestraint,Dviolence,DthreatsDofDviolence,DorDwrongfulDpressureDtoDcompelDaDpartyDtoD
actDcontraryDtoDhisDorDherDwishesDorDinterests.
ConditionDprecedentD-
DANSWERDAnDeventDthatDmustDoccurDbeforeDaDdutyDofDperformanceDarisesDinDaDcontract.
ConditionDsubsequentD-
DANSWERDAnDeventDthat,DifDitDoccurs,DdischargesDaDdutyDofDperformanceDinDaDcontract.
ConditionDconcurrentD-
DANSWERDAnDeventDthatDmustDoccurDatDtheDsameDtimeDasDanotherDconditionDinDaDcontract.
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