Contracts arise from - Study guides, Class notes & Summaries

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

According to your PowerPoint Lecture, which of the following is accurate regarding contracts? A) they are an exchange of promises B) they must be in writing C) they must be formal Correct answer-A A contract in which contains one promise conditioned on an act (Hint: Pat promises to pay $1,000 to Alex upon performance i.e. meeting a sales goal)? A) bilateral contract B) unilateral contract Correct answer-B What type of contract may arise from the conduct of the parties rather than ...

LEB 320F Exam 1 Questions and Answers Already Passed What is the primary purpose of contract law? To provide a framework for enforcing agreements between parties and resolving disputes that arise from breaches. What does "consideration" mean in the context of contract formation? It refers to something of value exchanged between parties that is required for a contract to be legally binding. How does "capacity" affect the enforceability of a contract? Capacity ensures that ...

contract -Correct Answer a legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) -Correct Answer -covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to contracts -Section 207: "Battle of Forms" -> Deal still goes through bilateral contracts -Correct Answer -involve a promise for promise exchange ( mutual promises) -acceptance is before action ...

THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING it is the Official Test Bank in e-version INSTANT DOWNLOAD >The test bank is what most professors use as a template when making exams for their students, which means there’s a very high chance that you will see the exact questions in the tests! >The file is either , excel, or zipped in the package and can easily be read on PCs and Macs. >Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have an...

LEGL 2700 Exam 2 Study Guide Solutions Contracts - ANSWER-Promises that are enforceable with predictable consequences for performance failures, does not have to be written (ch 8) Contract Law comes from either - ANSWER-Legislation- UCC Article 2 covers sale of goods Common Law- judge made law for contracts for things other than goods (ch 8) bilateral contract - ANSWER-promise for promise exchange (ch 8) unilateral contract - ANSWER-promise is made in exchange for performance so only one...

ARE 5.0 PCM Exam with Complete Solutions 100% Solved Party Dispute - Problems that arise on a project (i.e. delays, failures, fee controversies) Administrative Proceeding - Problems that arise from civil statutes (i.e. licensing, code compliance, regulations) Standard of Care - What a reasonably prudent architect would do, in the same time and place, given the same or similar facts and circumstances. The law does not require perfection. Duty - A set of terms or requirements that def...

What is the importance of a Business Law course in a business/management curriculum, and/or the importance of knowing something about it to a businessperson? - Answer - The law is important to modern business - The history of business reveals the prominence of law - Educators today emphasize the role of law in preparing tomorrow's business leaders How can businesspeople use the law to a strategic advantage? - Answer - Knowing the legal rights and duties enhances one's ability to identify ...

ARE 5.0 PCM Exam with 100% Correct | Latest Updated Graded A+ Party Dispute - Problems that arise on a project (i.e. delays, failures, fee controversies) Administrative Proceeding - Problems that arise from civil statutes (i.e. licensing, code compliance, regulations) Standard of Care - What a reasonably prudent architect would do, in the same time and place, given the same or similar facts and circumstances. The law does not require perfection. Duty - A set of terms or requirements that ...

Construction Management Questions and Answers Graded A+ What does a construction project feasibility study typically assess? The project's viability, including cost estimates, resource availability, and potential obstacles. How can a construction manager effectively coordinate with different project teams? By setting up regular coordination meetings, defining clear roles and responsibilities, and using collaborative tools. What is a project’s "work breakdown structure"? ...