HMGT 451 EXAM 27 QUESTIONS WITH
VERIFIED ANSWERS
the contract people 2 or more - CORRECT ANSWER Parties
what are you going to do in the contract - CORRECT ANSWER Offer
refer to a specific period of time or a provision in a contract - CORRECT ANSWER
Terms
bringing the lawsuit and one complaining - CORRECT ANSWER Plaintiff
the person or entity against which litigation - CORRECT ANSWER Defendant
payment valuer and exchange for promises contained on contract - CORRECT
ANSWER Consideration
overtime things are expected - CORRECT ANSWER Common Law
1. Mentally incapacitated
2. age limit
3. no authority - CORRECT ANSWER Why wouldn't someone have the capacity
Offer
Mutual Acceptance
, Parties
Consideration
Terms - CORRECT ANSWER What has to be contained for an enforceable contract
Verbal
Handshake
Nod - CORRECT ANSWER Other forms of legal acceptance
Breach of contract - CORRECT ANSWER Lawsuit for something someone didn't do
Mediation and arbitration - CORRECT ANSWER Alternative dispute resolution?
seen from both sides and given an award that can be binding or nonbinding.
Third-party makes decisions for you. - CORRECT ANSWER Arbitration
two people whom you try to get to come to terms which can be done through a
settlement.
the third party is working together to help make a decision. - CORRECT ANSWER
Mediation
FALSE - CORRECT ANSWER If the contract is not in writing then it can't be forced
by the court? true or false?
VERIFIED ANSWERS
the contract people 2 or more - CORRECT ANSWER Parties
what are you going to do in the contract - CORRECT ANSWER Offer
refer to a specific period of time or a provision in a contract - CORRECT ANSWER
Terms
bringing the lawsuit and one complaining - CORRECT ANSWER Plaintiff
the person or entity against which litigation - CORRECT ANSWER Defendant
payment valuer and exchange for promises contained on contract - CORRECT
ANSWER Consideration
overtime things are expected - CORRECT ANSWER Common Law
1. Mentally incapacitated
2. age limit
3. no authority - CORRECT ANSWER Why wouldn't someone have the capacity
Offer
Mutual Acceptance
, Parties
Consideration
Terms - CORRECT ANSWER What has to be contained for an enforceable contract
Verbal
Handshake
Nod - CORRECT ANSWER Other forms of legal acceptance
Breach of contract - CORRECT ANSWER Lawsuit for something someone didn't do
Mediation and arbitration - CORRECT ANSWER Alternative dispute resolution?
seen from both sides and given an award that can be binding or nonbinding.
Third-party makes decisions for you. - CORRECT ANSWER Arbitration
two people whom you try to get to come to terms which can be done through a
settlement.
the third party is working together to help make a decision. - CORRECT ANSWER
Mediation
FALSE - CORRECT ANSWER If the contract is not in writing then it can't be forced
by the court? true or false?
