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Exam (elaborations)

AIC 301 - EXPANDING YOUR CLAIMS PERSPECTIVE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

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AIC 301 - EXPANDING YOUR CLAIMS PERSPECTIVE QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

Institution
AIC 301
Module
AIC 301









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Institution
AIC 301
Module
AIC 301

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Uploaded on
September 18, 2024
Number of pages
6
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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  • aic 301 expanding your claims perspective questi

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AIC 301 - EXPANDING YOUR CLAIMS
PERSPECTIVE QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
BilateralDContractD-
DANSWERDADtypeDofDcontractDthatDarisesDwhenDaDpromiseDisDgivenDinDexchangeDforDaDreturnDpromise.




UnilateralDContractD-
DANSWERDADcontractDinDwhichDonlyDoneDpartyDmakesDaDpromiseDorDundertakesDtheDrequestedDperforman

ce.



PromisorD-DANSWERDTheDpartyDtoDaDcontractDmakingDaDpromise



PromiseeD-DANSWERDTheDpartyDtoDaDcontractDtoDwhomDaDpromiseDisDmade.



PrivityDofDcontractD-DANSWERDTheDrelationshipDthatDexistsDbetweenDtheDpartiesDtoDaDcontract.



Third-partyDbeneficiaryD-
DANSWERDADpersonDwhoDisDnotDaDpartyDtoDaDcontractDbutDwhoDbenefitsDfromDitDandDhasDaDlegalDrightDtoDen

forceDtheDcontractDifDitDisDbreachedDbyDeitherDofDtheDcontractingDparties.



UniformDCommercialDCodeD-
DANSWERDADcodeDofDfederalDlawsDthatDgovernDcommercialDtransactionsDinDtheDUnitedDStates.




ExpressDcontractD-DANSWERDADcontractDwhoseDtermsDandDintentionsDareDexplicitlyDstated.



ImpliedDcontractD-
DANSWERDADcontractDwhoseDtermsDandDintentionsDareDindicatedDbyDtheDactionsDofDtheDpartiesDtoDtheDcont

ractDandDtheDsurroundingDcircumstances.



Implied-in-factDcontractD-
DANSWERDADcontractDthatDisDnotDexpressDbutDthatDtheDpartiesDpresumablyDintended,DeitherDbyDtacitDunder

standingDorDbyDtheDassumptionDthatDitDexisted.

, Implied-in-lawDcontractD-
DANSWERDAnDobligationDthatDisDnotDanDactualDcontractDbutDthatDisDimposedDbyDlawDbecauseDofDtheDparties

'DconductDorDsomeDspecialDrelationshipDbetweenDthemDorDbecauseDoneDofDthemDwouldDotherwiseDbeDunj
ustlyDenriched.



VoidableDcontractD-
DANSWERDADcontractDthatDoneDofDtheDpartiesDcanDrejectD(avoid)DbasedDonDsomeDcircumstanceDsurroundin

gDitsDexecution.



VoidDcontractD-
DANSWERDAnDagreementDthat,DdespiteDtheDparties'Dintentions,DneverDreachesDcontractDstatusDandDisDthere

foreDnotDlegallyDenforceableDorDbinding.



StatuteDofDfraudsD-
DANSWERDADlawDtoDpreventDfraudDandDperjuryDbyDrequiringDthatDcertainDcontractsDbeDinDwritingDandDcont

ainDtheDsignatureDofDtheDpartyDresponsibleDforDperformingDthatDcontract.



UndueDinfluenceD-
DANSWERDTheDimproperDuseDofDpowerDorDtrustDtoDdepriveDaDpersonDofDfreeDwillDandDsubstituteDanother'sD

objective,DresultingDinDlackDofDgenuineDassentDtoDaDcontract.



DuressD-
DANSWERDTheDuseDofDrestraint,Dviolence,DthreatsDofDviolence,DorDwrongfulDpressureDtoDcompelDaDpartyDtoD

actDcontraryDtoDhisDorDherDwishesDorDinterests.



ConditionDprecedentD-
DANSWERDAnDeventDthatDmustDoccurDbeforeDaDdutyDofDperformanceDarisesDinDaDcontract.




ConditionDsubsequentD-
DANSWERDAnDeventDthat,DifDitDoccurs,DdischargesDaDdutyDofDperformanceDinDaDcontract.




ConditionDconcurrentD-
DANSWERDAnDeventDthatDmustDoccurDatDtheDsameDtimeDasDanotherDconditionDinDaDcontract.
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