CCCM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
CCCM
Institution
CCCM
CCCM - ACCURATE ANSWERS Certified Commercial Contracts Manager
Bilateral Contract - ACCURATE ANSWERS Two parties, purchase contract
Unilateral Contract - ACCURATE ANSWERS 1st party promise, 2nd party actual performance
Unilateral Contract when is it binding - ACCURATE ANSWERS When 2nd part...
CCCM EXAM QUESTIONS
CCCM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
CCCM - ACCURATE ANSWERS✔✔ Certified Commercial Contracts
Manager
Bilateral Contract - ACCURATE ANSWERS✔✔ Two parties, purchase
contract
Unilateral Contract - ACCURATE ANSWERS✔✔ 1st party promise,
2nd party actual performance
Unilateral Contract when is it binding - ACCURATE ANSWERS✔✔
When 2nd party performs
,Express Contract - ACCURATE ANSWERS✔✔ Oral or written,
manifested in words
Implied Contract - ACCURATE ANSWERS✔✔ Inferred from conduct
alone
Aleatory Contract - ACCURATE ANSWERS✔✔ performance by one
party is contingent on occurrence of uncertain future event.
Aleatory example - ACCURATE ANSWERS✔✔ Insurance contract
Implied-in-law - ACCURATE ANSWERS✔✔ Quasi Contract - a
contractual obligation imposed by the law to prevent unjust enrichment
Quasi Contract - ACCURATE ANSWERS✔✔ a contractual obligation
imposed by the law to prevent unjust enrichment
Adhesion Contract - ACCURATE ANSWERS✔✔ One side highly
restrictive - court may not enforce
Not truly voluntary or possibly coerced - ACCURATE ANSWERS✔✔
Adhesion Contract
Divisible Contract - ACCURATE ANSWERS✔✔ Severable (must have
2 or more distinct components)
, Severable Contract - give another name - ACCURATE ANSWERS✔✔
Divisible Contract
Installment Contract - ACCURATE ANSWERS✔✔ Obligations are in
increments over defined time.
UCC requires separate shipments to be separately accepted in which
kind of contract? - ACCURATE ANSWERS✔✔ Installment Contract
UCC views each delivery as an independent contract in which kind of
contract - ACCURATE ANSWERS✔✔ Installment Contract
Tangible goods - ACCURATE ANSWERS✔✔ Chattels, merchandise,
personal property, commodities provided they are legal and offered for
sale
Tangible goods must have these components - ACCURATE
ANSWERS✔✔ legal and offered for sale
Moveable personal property v commodities - ACCURATE
ANSWERS✔✔ Moveable personal property is Chattels. Commodities
can be chattels, but could also have 'valuable interest' in gold, livestock
that are sold in commercial markets
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