Breach of express terms Study guides, Revision notes & Summaries

Contract - An agreement between tow or more parties that is legally enforceable. Differ state-to-state by law Not every promise can be enforced legally, but a set of promises confirmed in a contract entitles the party that is injured by a breach of that contract to force the other party to honor the contract through government intervention Express Contract - The terms are understood by written or oral words. Each instance of the terms is agreed upon Implied Contract - Where the contract i...

Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" List the Categories of real property. - (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose List the factors that affect supply in the real estate market. - (1) Labor force costs, (2) Construction costs, (3) Governmen...

The process of beginning a project involves an introductory phase wherein the owner presents explicit descriptive specifications for the proposed undertaking. Rather than simply indicate interest without nuance, and to avoid issuing irresponsible considerations for multiple projects, a contractor is required to submit a ______ to express their specifications (including designs and price) for the planned construction. - Answer- A bid is an expression of plans and terms specific to the job at hand...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

Washington State Insurance Exam with Complete Solutions Apparent is the appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Mutual Company Owned by the policyowner and issue participating policies. Policy owners are entitled to dividends, which are a return of excess premiums and are therefore non-taxable. Dividends are not guaranteed. Sharing A method of dealing with risk for a group of in...

CIPS L4M8 Exam Verified 100% Correct!! Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with...

Test Bank for Introductory Maternity and Pediatric Nursing 4th Edition Hatfield Test Bank. Table of contents; Chapter 1: The Nurse's Role in a Changing Maternal–Child Health Care Environment Chapter 2: Family-Centered and Community-Based Maternal and Pediatric Nursing Chapter 3: Structure and Function of the Reproductive System Chapter 4: Special Issues of Women's Health Care and Reproduction Chapter 5: Fetal Development Chapter 6: Maternal Adaptation during Pregnancy Chapter 7: Prenatal Care ...

BUL 4421 Final - FAU Gendler Questions Answers 100% accurate! CHAPTER 13: Introduction to Contracts - ANSWERSCHAPTER 13: Introduction to Contracts Four Elements of a Contract: CLAC - ANSWERS1. Contractual Capacity 2. Legal Object 3. Agreement (offer, acceptance) 4. Consideration Contract - ANSWERS-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 - ANSWERS(Of...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

CPCM exam 2024 with 100% correct answers Competitive negotiation -Answer-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract -Answer-A contract for basic researc...