A contract is an agre - Study guides, Class notes & Summaries

California Life Insurance State Exam Simulator Questions and Answers 100% Pass Exclusion ratio - Correct Answer ️️ -An annuitant would life to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? Mortality rate, Exclusion ratio, Morbidity rate, Debt-to-Equity ration Offers a maximum interest rate that increases annually - Correct Answer ️️ -Which of the following is NOT a feature of equity-indexed annuities? Offers long t...

Contracting Officer Unlimited Warrant Board Exam Questions and Answers What is an option? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The us...

Contracting Officer Unlimited Warrant Board Exam Questions With Verified Answers What is an option? - answerAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of servic...

Contracting Officer Unlimited Warrant Board Exam With 100% Correct Answers What is an option? -answersAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...

PVL3702-summary of notes Law of Contract (University of South Africa) lOMoARcPSD| Page 1 of 88 LAW OF CONTRACT STUDY UNIT 1 1. Distinguish between a contract and unjustified enrichment. (5) A contract is an agreement entered into with the intention of creating an obligation or obligations. A contract is therefore a fact, an event. From a contract, arises an obligation or obligations. Undue enrichment is a principle of our law that no-one should unjustifiedly be enriched at the expense o...

Contracting Officer Unlimited Warrant Board Exam Questions With Verified Answers What is an option? - answerAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of servic...

Real Estate Law Final Exam Correct QuestWhat is a contract? - ANSWER A contract is an agreement between two or more parties that is intended to be enforceable alsoo need to have the Pursuant to the State of Frauds What is the pursuant to the Statue of Frauds? - ANSWER A contract for the purchase and sale of real estate must be ion writing to be enforceable What legal elements are required for the creation of a contract? - ANSWER 1. Offer 2. Acceptance 3. Consideration 4. Capacity 5. Lawful...

Texas All Lines Adjuster Test COMPLETE TEST 2023/2024 1. Accumulated Depreciation: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 2. Acreage Reporting Date: The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3. Actual Cash Value (ACV): A valuation method used by insurers to reflect an item's current marke...

What is a contract? - ANSWER A contract is an agreement between two or more parties that is intended to be enforceable alsoo need to have the Pursuant to the State of Frauds What is the pursuant to the Statue of Frauds? - ANSWER A contract for the purchase and sale of real estate must be ion writing to be enforceable What legal elements are required for the creation of a contract? - ANSWER 1. Offer 2. Acceptance 3. Consideration 4. Capacity 5. Lawful Purpose What does an offer mean in t...

Fundamentals Of Insurance (BC) Exam Questions with 100% Correct Answers) What is the major function of insurance? - answerto allow the spread of risk What are the five important functions of insurance? - answer1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the ind...