Unilateral offer - Study guides, Class notes & Summaries

Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) An agency relationship may be involuntarily terminated by which of the following? - ANSWER-By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral ...

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...

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

An agency relationship may be involuntarily terminated by which of the following? - By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - A subagent An agency relationship may be involuntarily terminated by which of the following? - Condemnation of the property Sally is a subagent working for Seller Pat. What does Sally owe to Bu...

Colibri Real Estate Chapter 2 Quiz (356 Questions) With 100% Correct Answers 2023/2024 COMPLETE SOLUTION An agency relationship may be involuntarily terminated by which of the following? - CORRECT ANSWER-By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - CORRECT ANSWER-A subagent An agency relationship may be involuntarily ...

Contract Law ( GDL BPP Notes) Exam Questions & Answers 2024/25 What is the difference between unilateral and a bilateral contract? - ANSWERSBilateral - parties assume obligation to each other. Unilateral - 1 party makes an offer for an act to be performed by other party/parties. Relevant statute to put in answer - ANSWERSSale of goods in a B2B context (governed by SGA 1979 and UCTA 1977) -SGSA 1982 For contract terms and exemptions questions - ANSWERSThere has to be a breakdown in re...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

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...

Employer goals and interests correct answers 1) Keep the cost of labor low, 2) Prevent unilateral resignation esp. to work for a competitor, 3) Preserve unilateral right to discharge unneeded workers, 4) Maximize managerial control (disciplinary discharge), and 5) Prevent trade spillover loss of investment in training. Employee goals and interests correct answers 1) Maximize wages and benefits, 2) Preserve unilateral right to resign and to seek other work, 3) Prevent unilateral discharge or a...