HSA 4423 Exam 3 Review Questions
With Correct Answers
Contract - CORRECT ANSWER✔✔-An inforceable agreement
| | | | |
A special type of agreement either written or oral, that involves legally
| | | | | | | | | | | |
binding obligations between two or more parties
| | | | | |
Express contract - CORRECT ANSWER✔✔-Oral contract
| | | | |
Written contract
|
Written and oral contracts - CORRECT ANSWER✔✔-Generally
| | | | | | |
recognized and are equally legal and binding
| | | | | |
Elements of a contract - CORRECT ANSWER✔✔-Offer
| | | | | |
Acceptance
Consideration
Handshake does not make a contract
| | | | |
Offer - CORRECT ANSWER✔✔-A promise by one party to do something
| | | | | | | | | | |
if the other party agrees to it
| | | | | | |
, ( has to be something that a person offers to invite someone into a
| | | | | | | | | | | | | |
binding contract) |
Acceptance - CORRECT ANSWER✔✔-Meeting of the minds | | | | | |
Definite and complete | |
Duration
Duration - CORRECT ANSWER✔✔-The offer may revoke an offer at any
| | | | | | | | | | |
time prior to a valid acceptance. Also if you make a mistake and want to
| | | | | | | | | | | | | | |
withdraw the offer you can as long as it has not been accepted
| | | | | | | | | | | |
Proposal - CORRECT ANSWER✔✔-To do a thing or pay on amount
| | | | | | | | | | |
usually accompanied by an expected acceptance, counter offer, return
| | | | | | | | |
promise or act.. | |
Time limt - CORRECT ANSWER✔✔-If there's a time limit on the contract
| | | | | | | | | | | |
and the client sends it after the time limit has ended then the offer I or
| | | | | | | | | | | | | | | |
has the right to decline or accept
| | | | | |
Outline of prospective service - CORRECT ANSWER✔✔-Placed at the
| | | | | | | | |
bottom
This document is not an offer for a contract nor intended to induce
| | | | | | | | | | | | |
anyone to enter contract, but merely an outline of prospective service a
| | | | | | | | | | | |
written consulting agreement, to be provided by
| | | | | |
With Correct Answers
Contract - CORRECT ANSWER✔✔-An inforceable agreement
| | | | |
A special type of agreement either written or oral, that involves legally
| | | | | | | | | | | |
binding obligations between two or more parties
| | | | | |
Express contract - CORRECT ANSWER✔✔-Oral contract
| | | | |
Written contract
|
Written and oral contracts - CORRECT ANSWER✔✔-Generally
| | | | | | |
recognized and are equally legal and binding
| | | | | |
Elements of a contract - CORRECT ANSWER✔✔-Offer
| | | | | |
Acceptance
Consideration
Handshake does not make a contract
| | | | |
Offer - CORRECT ANSWER✔✔-A promise by one party to do something
| | | | | | | | | | |
if the other party agrees to it
| | | | | | |
, ( has to be something that a person offers to invite someone into a
| | | | | | | | | | | | | |
binding contract) |
Acceptance - CORRECT ANSWER✔✔-Meeting of the minds | | | | | |
Definite and complete | |
Duration
Duration - CORRECT ANSWER✔✔-The offer may revoke an offer at any
| | | | | | | | | | |
time prior to a valid acceptance. Also if you make a mistake and want to
| | | | | | | | | | | | | | |
withdraw the offer you can as long as it has not been accepted
| | | | | | | | | | | |
Proposal - CORRECT ANSWER✔✔-To do a thing or pay on amount
| | | | | | | | | | |
usually accompanied by an expected acceptance, counter offer, return
| | | | | | | | |
promise or act.. | |
Time limt - CORRECT ANSWER✔✔-If there's a time limit on the contract
| | | | | | | | | | | |
and the client sends it after the time limit has ended then the offer I or
| | | | | | | | | | | | | | | |
has the right to decline or accept
| | | | | |
Outline of prospective service - CORRECT ANSWER✔✔-Placed at the
| | | | | | | | |
bottom
This document is not an offer for a contract nor intended to induce
| | | | | | | | | | | | |
anyone to enter contract, but merely an outline of prospective service a
| | | | | | | | | | | |
written consulting agreement, to be provided by
| | | | | |
