Law of contracts exam 2 Study guides, Class notes & Summaries

*Up-to-date 2024 Distinction level EXAM READY notes* for the CLIP elective module of the LPC at BPP University. *Achieved a grade of 96% with just these notes in the exam* *Suitable for students studying the LPC, LLM or SQE at the University of Law, BPP & all other universities* Contains a detailed overview of all 10 SGSs in the module, complete with likely answers to questions in the exam and a step-by-step guide to answering every possible long-form question that has been covered in...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Champion School of Real Estate-Law of Contracts Exam 2023...

*Up-to-date 2024 Distinction level EXAM READY notes* for the CLIP elective module of the LPC at BPP University. *Achieved a grade of 96% with just these notes in the exam* *Suitable for students studying the LPC or LLM at the University of Law, BPP & all other universities* Contains a detailed overview of all 10 SGSs in the module, complete with likely answers to questions in the exam and a step-by-step guide to answering every possible long-form question that has been covered in the S...

LEGL 2700 Roessing Exam 2 Questions and Answers Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer ️️ Tangible (touchable), movable personal property Bilateral Contract - Answer ️️ Promise in exchange for a promise Involves promisor ...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probabl...

A buyer defaults on a contract and the seller chooses to receive the earnest money. This is an example of: CORRECT ANSWER Liquidated damages In a residential lease with a "right of first refusal" provision: CORRECT ANSWER The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else Bill is the buyer purchasing a property from Sally. All contingencies have been met and the parties are ready to close. One day prior to c...

CSLB CONTRACTOR'S EXAM PRACTICE QUESTIONS AND ANSWERS LATEST UPDATE 2023-2024. Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is legal to ask prospective employees about arrests not leading to convi...

Law of Contracts Exam 2 Default of contracts & types of damages - ANSWER-BUYER DEFAULT: In the event of default by the buyer, the seller may have several options Liquidated damages Monetary damages Specific performance Punitive and compensatory damages must be pursued in court. Punitive damages punish the defaulting party, and compensatory damages are set to cover the actual injury or economic loss. SELLER DEFAULT: In the event of default by the seller, the buyer becomes the injured pa...

What's the difference between an addendum and an amendment? An addendum needs to be signed by all affected parties, but an amendment does not. An addendum is attached to a contract to create additional terms, and an amendment changes the terms within an existing contract. All contracts require amendments, but not all contracts require addenda. TREC promulgates amendments but does not promulgate addenda. correct answersAn addendum is attached to a contract to create additional terms, and an ...

BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts Four Elements of a Contract: CLAC - answer1. Contractual Capacity 2. Legal Object 3. Agreement (offer, acceptance) 4. Consideration Contract - answer-A promise or set of legally enforceable promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty. Agreement - answer(Offer &...