Law of contracts exam - Study guides, Class notes & Summaries

MGMT 311 Exam III Questions and answers, VERIFIED. Chapter 12: Formation of Traditional and E-Contracts - -Chapter 12: Formation of Traditional and EContracts Function of Contract Law - -Contracts create expectations as to how parties to agreements will conduct themselves in the future If a party to a valid contract does not carry out a promise, a court will enforce the contract and provide some form of relief or remedy to the non-breaching party Contract law provides stability and pr...

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Describe at least two requirements under TRELA. (Ans- Act created by Texas Congress 1) All professionals are licensed 2) Use same policy, procedures, and forms. Providing correct documentations and forms during a transaction. TREC wanted to get things standardized. TREC was created in 1949 and that's when it began administrating TRELA. Real Estate Dealers license Act was enacted in 1939 for salesperson and brokers. TRELA is the present act which is active and administered until present day. ...

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FLORIDA LIFE AND HEALTH INSURANCE ACTUAL EXAM STUDY GUIDE / (220+ Q&A) ACCURATE EXPERT VERIFIED QUESTIONS & ANSWERS FOR GUARANTEED PASS / LATEST UPDATE Terms in this set (228) Insured The person covered by the insurance policy. Rider A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateralA contract in which only one of the parties is legally contract?bound to fulfill its obligations. What law protects consumers from the circul...

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