Hybrid contracts - Study guides, Class notes & Summaries

Truth in Negotiations Act (TINA) - Answer-Occurs when the contractor gives false cost and pricing data during negotiations subject. Defective pricing means the contractor certified to false data. Currently, the TINA threshold is $750,000. The possibility of defective pricing must be analyzed and substantiated before the KO takes action. What are Fixed Price Contracts? - Answer-Fixed price contracts provide for a price that is not subject to any adjustment on the basis of the contractor's ...

BUSI 301 Test #2 Review Practice Questions 2024. (Liberty University Mutual asset - CORRECT ANSWER Offer and agreement between parties Capacity to contract - CORRECT ANSWER Parties must be of proper age and mental competence Consideration - CORRECT ANSWER Bargained for exchange of goods and/or services Legal Purpose - CORRECT ANSWER Reason and outcome of the contract must be legal Contracts for services (legal, accounting, engineering, real estate) - CORRECT ANSWER State Common ...

FL BAR CONTRACTS EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ UCC v Common Law Contact Contracts are governed by the common law of contracts or the UCC, if the contract relates to the sale of goods for $500 or more. If it is a hybrid contract, the court will apply the predominant purpose test to determine if the main purpose of the K was to provide a good or a service. Valid Contract requires offer, acceptance and consideration 5 Sanity-Saving Tips for Arguing on the Internet Valid Of...

CIPM Exam Flashcards |160 Questions with 100% Correct Answers | Verified | 52 Pages What are the 5 phases of a privacy program audit - Answer ️️ -Planning, Preparation, Audit, Report, Followup What happens during the audit planning phase of PPARF? - Answer ️️ -Risk assessment, schedule, selecting auditor, pre-audit questionnaire, preparatory meeting/visit and checklist What happens during the Audit Preparation phase of PPARF? - Answer ️️ -Confirm schedule, confirm and prepare ...

RMIN 4000 UGA Brown Test 4 Latest Update Already Passed fee-for-serive a separate fee is paid for each service copayment flat amount the insured must pay each time health services are received calendar year deductible an aggregate deductible that has to be satisfied only once during the calendar year coinsurance the percentage of the medical expenses the policyholder must pay in addition to the deductible amount Out-of-pocket maximum (stop-loss limit) the most the insured wil...

HCMN 305 Quiz 2 | Questions and Answers Although five distinct organization structures exist, many organizations create a hybrid by combining structures. True The organizational form that organizes departments and positions according to the tasks workers perform and the abilities workers use is the functional form The planning and organizing processes are closely related because implementing an organization's plans might require a structural change. True The organizational form in which depar...

What is a promissory estoppel - Ability to go to court and be made whole financially due to lack of completion of contract by a party under such types of contracts - Express - agreement made by words Implied in fact - agreement made by conduct Economic Damages - Compensation for monetary losses Sources of Contract law - Common law Restatement Uniform Commercial code Common law and contract law - in most jurisdictions, contract law is not codified, and thus the primary source of general ...

Sole Proprietorship - Business owned by one person. that person is responsible for unlimited personal liability and the profits are taxable to this person as well Partnership - A business in which two or more persons combine their assets and skills agent - acts on behalf of principal, subject to principals control C Corporation - Taxed at corporate and shareholder level No limit on shareholders or types of shareholders every corporation starts out as C corp Common law and contract law - i...

PSI Real Estate Exam (MD State Portion) All Answers Verified 3 types of broker companies ️- Single agency (do not perform dual agency) - Dual agency - Hybrid Agency (will perform both dual and single agency) Ad valorem taxes on a parcel of property that remain unpaid for... ️3 consecutive years, are no longer collectible. Adverse Possession ️Also requires 20 year. The occupancy has to be 1. open 2. hostile 3. continuous 4. notorious 5. under claim of right/color of title. ...

BUSI 301 Chapter 6 Final Exam Questions 2024. A Contract... - CORRECT ANSWER is more than an agreement between two or more parties. Contracts are enforced agreements between the parties. One generally accepted definition of a contract is a promise or a set of promises enforceable by law. The necessary elements of a contract: - CORRECT ANSWER 1. Mutual Assent 2. Capacity to contract 3. Consideration 4. Legal purpose Mutual Assent - CORRECT ANSWER There must be an offer and agreement...