Contractual promise Study guides, Revision notes & Summaries

Texas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS & ANSWERS 100% Correct!.The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - ANSWER-B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory ...

Texas Promulgated Contracts Quizzes Perfectly Solved!! The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral ...

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...

Four Elements of a Contract: CLAC - ANSWER 1. 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 & Acceptance)

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...

BUL4421 Final Gendler Exam 2024 QuestioContract - ANSWERS"A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty" an agreement between two or more competent parties, to perform or refrain from performing some present or future act. Contract Law - ANSWERSReflects what promises/commitments our society believes should be legally binding. Breach of contract - ANSWERSThe failure, without legal excuse, of a ...

What is a contract correct answer: An agreement Supported by consideration Made for lawful purpose; and Between competent parties What are the requirements for an agreement correct answer: One person (offeror) must make an offer which is accepted by some other person (offeree) What is required for an offer to be valid correct answer: Contractual intention All of the necessary terms provided Communication to the offeree Does the price have to be specifically stated within the...

Contract - Answer-"a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty." Covenant not to complete - Answer-restrict what an employee may do after leaving a company, and they often dictate where, when, and with whom an employee may work Four elements needed for a contract: - Answer-Agreement, the consideration, contractual capacity, and legal object Consideration - Answer-bargained-for exchange or wh...

Contract - ANSWERS"A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty" an agreement between two or more competent parties, to perform or refrain from performing some present or future act. Contract Law - ANSWERSReflects what promises/commitments our society believes should be legally binding. Breach of contract - ANSWERSThe failure, without legal excuse, of a promisor to perform the obligations of ...

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(Offer & Acceptance) Offer by Oferror to enter into a contract an...