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...

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 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...

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...

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 Questions and Answers Latest Updates 2024 Already Passed

Final Exam (BCOR 2301) 2023 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. prov...