Final exam bcor 2301 Study guides, Class notes & Summaries

Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Consideration - Answer -The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value - Answer -Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Perfor...

Final Exam (BCOR 2301) Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. providin...

BCOR 2301 Final Exam Questions and Answers Latest Updates 2024 Already Passed

BCOR 2301 Final Exam Chapters 7, 24, 35 | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Intellectual property (IP) - Answer -any property resulting from intellectual and creative purposes Trademark - Answer -a distinctive word, symbol, sound, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by other companies - Under common law, the person who used a symbol or mark to identify a b...

Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Consideration - Answer -The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value - Answer -Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Perfor...

BCOR 2301 Final Exam Questions and Answers Latest Updates 2024 Already Passed

BCOR 2301 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS Consideration CORRECT ANSWER Something of value received or promised to convince a person to make deal. Legally Sufficient Value CORRECT ANSWER Something of value in the eyes of the law. Forbearance CORRECT ANSWER Refraining from an action that you have a legal right to undertake. Bargained-For Exchange CORRECT ANSWER The basis for a bargain struck between or among the contracting parties. Not a gift! Where is a consideration lacki...

BCOR 2301 Final Exam Chapters 7, 24, 35 | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Intellectual property (IP) - Answer -any property resulting from intellectual and creative purposes Trademark - Answer -a distinctive word, symbol, sound, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by other companies - Under common law, the person who used a symbol or mark to identify a b...