Express contracts require - Study guides, Class notes & Summaries

WARRANT BOARD PREP |COMPLETE EXAM QUESTIONS AND A+ GRADED ANSWERS What kinds of things could cause you to lose your warrant ? Upon retirement, reassignment, termination or unsatisfactory performance. Must be submitted in writing. FAR 1.603-4; AFFARS MP 5301.603 Over and above work/ clause Over and above requirements task the contractor to identify needed repairs and recommend corrective action during contract performance. The contractor submits a work request to identify the over and abo...

Florida 2-15 Insurance License Exam; Brand New Questions With Correct Answers +Rationale All statements made by an applicant in an application for life insurance are considered to be A. warranties B. affirmations C. representations D. declarations (Correct Ans: - C. Most states require that life insurance policies contain a provision that all statements made in application be deemed representation not warranties. A representation is a statement made by the applicant that the applicant b...

CPCM exam 2024 with 100% correct answers Competitive negotiation -Answer-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract -Answer-A contract for basic researc...

WARRANT BOARD PREP |COMPLETE EXAM QUESTIONS AND A+ GRADED ANSWERS What kinds of things could cause you to lose your warrant ? Upon retirement, reassignment, termination or unsatisfactory performance. Must be submitted in writing. FAR 1.603-4; AFFARS MP 5301.603 Over and above work/ clause Over and above requirements task the contractor to identify needed repairs and recommend corrective action during contract performance. The contractor submits a work request to identify the over and abo...

To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known as the: a) occurrence limit b) aggregate limit a) occurrence limit Which of the following is a cause of loss...

Contract - -A contract Is a Legally Enforceable Agreement (offer and Acceptance) -Voluntarily Entered Into between two (or more) Competent Parties, to Do or Not to Do something that is Possible to Be Done, that is Not Unlawful, and that is supported by Consideration. Employment Contracts - presumption of the employment contract is that it is for an indefinite period of time and is considered "at will"; including non competition agreements and benefit provisions Insurance Contracts - sh...

By what method must acceptance be made? - ️️In the absence of any stipulation in the offer, it may be accepted in any reasonable manner Can silence amount to acceptance? - ️️NO As a general rule, silence cannot amount to acceptance or bind an offeree Does a minor have capacity to enter into a contract? - ️️- A contract entered into by a minor is voidable - Contracts made for necessary goods or services at a reasonable price are valid - A court may require the minor to transfe...

Perry binder exam 4 GSU QUESTIONS AND 100% CORRECT ANSWERS express contract - ANSWER an agreement that is expressed in oral or written words(most contracts are expressed contracts) Express contracts require? - ANSWER 1. Offer(can be written or oral) 2. acceptance 3. consideration ity 5. legality 6. Intent

CPPB Full Prep Complete Questions and A An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWER standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the...

Real Estate Settlement Procedures Act (RESPA) - What is Prohibited - Answer 1) Referral fees between licensees, 2) Crediting commissions to clients for coats, 3) Receipt of bonuses by a licensee from someone other than settlement service provided, 4) Must not force the parties to use a particular Settlement Provider. Real Estate Settlement Procedures Act (RESPA) - Allows for Co-Ownership of Settlement Service Providers - Answer 1) Affiliated business arrangements, 2) Disclosure of relatio...