Unilateral mistake Study guides, Revision notes & Summaries

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (Graded A+) Agent - Answer- Agents are the agents of the insurer Producer - Answer- Usually includes agents and brokers Applicant or proposed insured - Answer- A person applying for insurance Consent - Answer- permission to do something Insurable Interest - Answer- The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - Answer- a contract between a polic...

BUS201 U4 Questions with complete solution 2024 Which of the following best describes the concept of "incapacity" as a vitiating factor? - correct answer The law views certain persons such as a young child and people who are intoxicated to lack the capacity to enter into a contract. There are four types of mistakes that can vitiate a contract. Which of the following is one such mistake? - correct answer Unilateral mistake. "A contract entered into as a result of duress is unenforceable...

What is a contract? A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? - Must be in writing to be enforceable by ...

BLAW212 2024 Exam Questions and Answers All Correct Doctrine of Part Performance Test - Answer-1. is there an enforceable agreement but for section 24 of the Property Law Act 2007 2. has there been part performances of the oral agreement to do something which is: A. clearly a step in the performance of a contractural obligation or right under that agreement; and B. Was on the balance of possibilities done on the basis that a contract for the sale of land as alleged was in existence? ...

Damages are awarded to restore the injured party to the position which existed prior to the contract. correct answer: True What article of the constitution permits limited functions and powers of a judicial nation to person or bodies who are neither courts or judges? correct answer: Article 37 Who is the current DPP correct answer: Claire Loftus A district court judge must retire when he/she reaches the age of? correct answer: 65 The leading case on the concept of Promissory Esto...

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (SOLVED A+) Agent - Answer- Agents are the agents of the insurer Producer - Answer- Usually includes agents and brokers Applicant or proposed insured - Answer- A person applying for insurance Consent - Answer- permission to do something Insurable Interest - Answer- The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - Answer- a contract between a polic...

1 BUSINESS LAW Final Exam Practice Questions 2 BUSINESS LAW – Bus 340 PRACTICE QUESTIONS The following practice questions, both the question type and content, are similar to the type and format of questions on the final exam. Please use them a study aid to prepare for the final exam. 1. In a civil lawsuit against Ellen, Fred obtains an injunction, which is: a. a remedy at law. b. an equitable remedy. c. not possible under our U.S. system of jurisprudence. d. none of the above...

Colorado Health Insurance Exam Questions and Answers Latest Updated 2024 (Graded A+) Agent Agents are the agents of the insurer Producer Usually includes agents and brokers Applicant or proposed insured A person applying for insurance Consent permission to do something Insurable Interest The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy a contract between a policyowner (and/or insured) and an insurance company which agre...

Contracts - Law 101 Exam Questions And Answers All Correct VALID CONTRACT - ANSWER- A valid contract consists of an offer, acceptance, consideration and lack of formation defenses. OFFER - ANSWER- An offer is a manifestation of present contractual intent, communicated to an identified offered, containing definite and certain terms. ACCEPTANCE - ANSWER- An acceptance is an unequivocal assent to the terms of the offer. Under Common Law, the acceptance must be a "mirror image" of the off...

precedent the tendency to decide current rulings based on previous cases, only binding in lower courts common law judge made law, often created through many precedents judicial power gives the right to interpret laws and determine their validity statutes legislature to become a law laws bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute injunction order to stop doing something ...