Contract consideration - Study guides, Class notes & Summaries

ANSWERS TNCC 9 TH REAL EXAM 2024 TNCC REAL EXAM LATEST UPDATE ACTUAL VERIFIED EXAM TEST-BANK INCLUDES 3 TESTED VERSIONS OF THE EXAM WITH MULTIPLE CHOICE QUESTIONS AND ANSWERS EACH EXPERT ANSWERS GUARANTEED PASS ALREADY GRADED A A bilateral contract is a promise: a. for a promise b. for consideration c. for a limited time only d. for future obligations - CORRECT ANSWER-d. For future obligations Which of the following are contingencies in a real estate contract? a. Obtaining the dep...

LEGL 2700 UGA Test 1 Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is the primary purpose of contract law? To enforce agreements made between parties and ensure that promises are fulfilled in a legally binding manner. What elements must be present for a contract to be legally enforceable? Offer, acceptance, consideration, mutual assent, and a legal purpose. How does consideration function in a contract? Consideration refers to something of value exchan...

Areas of regulation for Intermediaries - Q-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime Business interruption Liability Aviation Marine Inla...

AIC 301 2024 Exam Questions and Answers All Correct .What are the elements of a legally binding contract? - Answer-To be legally binding, contracts must: • Contain an agreement between all parties • Involve parties with the legal capacity to contract • Contain mutual assent • Involve consideration • Have a legal purpose • Be in the form prescribed by law What are the similarities and differences between bilateral and unilateral contracts? - Answer-In bilateral cont...

Group Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contract that insures a number of people. Group insured - An individual covered by a group insurance policy. Group policyholder - The person or organization that decides what types of group insurance cover...

Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - answerB A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilater...

Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. indemnity contract B. invest...

HRM3706 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App....0.6.7..1.7.1..1.7.3.9 ............ Question text Nomsa feels her low performance rating is unfair as she was not aware of all the concerns and deadlines. During which stage can Nomsa raise her dissatisfaction? a. Performance contract b. Performance development c. Performance appraisal d. Monitoring and evaluation Clear my choice Question 2 Ans...

SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution Contract A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. What is contract law based in? Common Law. What does the Uniform Commercial Code (UCC) do? Governs commercial codes and contracts. What are the parts of a contract? Offer, Acceptance, Consideration. The Offer A conditional promise made by one party to another. Bil...

Who elects the governing body of a mutual insurance company? - correct answer policyholders What year was the McCarran-Ferguson Act enacted? - correct answer 1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - correct answer a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - corr...