NBE Arts assignor Study Guide Part 4-Legal & Regulatory Compliance, Cemetery & Crematory Questions with Correct Answers

4 elements of a contract Correct Answer mutual agreement Competent parties Consideration Legal objectives Requirements of a valid offer Correct Answer the offer must be definite It must appear to be seriously intended It must be communicated to the offeree The acceptance is the assent to an offer that results in a contract Note the difference between elements of a contract and requirements of a valid contract Correct Answer . Voidable contracts Correct Answer minors Intoxicated persons can void a contract if they choose (very hard to prove and courts investigate) Duress Undue influence Fraud Mutual mistake Void contracts Correct Answer legally declared insane Contracts that have an illegal subject matter or purpose If a will has been changed (a codicil) but has not been witnessed, the change is Correct Answer NOT enforceable The anatomical gift act Correct Answer requires that for a person to donate their body, the use be of legal age and sound mind Holographic will Correct Answer will written entirely by the hand of the testator/testatrix Administrator/administratix Correct Answer man/woman who is appointed by the court to settle the estate of a decedent who died without a last will and testament Personal representative Correct Answer person who represents and administers the estate of deceased persons; Executor and or administrator of an estate