Bilateral contract Study guides, Class notes & Summaries
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![WV State Life Insurance Exam Questions and Answers Already Passed](/docpics/4916174/660e6c2553207_4916174_121_171.jpeg)
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WV State Life Insurance Exam Questions and Answers Already Passed
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WV State Life Insurance Exam 
 
Questions and Answers Already Passed 
 
A group-owned insurance company that is formed to assume and spread the liability risks of its 
members is known as a: Risk retention group 
 
Which of the following requires insurers to disclose when an applicant's consumer or credit 
history is being investigated? 1970-Fair Credit Reporting Act 
 
Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six 
months. Q dies suddenly and the ben...
![Texas Promulgated Contracts-CHAMPIONS STUDY Exam 2022-2023 100% verified; GUARANTEED A+](/docpics/640ae5e39e41f_2456230.jpg)
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Texas Promulgated Contracts-CHAMPIONS STUDY Exam 2022-2023 100% verified; GUARANTEED A+
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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 correct answers 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 
 
(d) Void correct answers A 
 
In ...
![LEGL 2700 Roessing Exam 2 Questions and Answers | 100% Pass](/docpics/4237043/65a58b5b22d42_4237043_121_171.jpeg)
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LEGL 2700 Roessing Exam 2 Questions and Answers | 100% Pass
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Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states 
adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - Answer ️️ Tangible (touchable), movable personal property 
Bilateral Contract - Answer ️️ Promise in exchange for a promise 
Involves promisor and promisee 
Usually made to a specific person
![LEGL 2700 Roessing Test 3 exam 2023 with 100% correct answers](/docpics/3549924/651c1aaacd343_3549924_121_171.jpeg)
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LEGL 2700 Roessing Test 3 exam 2023 with 100% correct answers
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contract - correct answer -a legally enforceable promise or an exchange of promises 
 
Uniform Commercial Code (UCC) - correct answer --covers the sale of goods 
-goods are tangible, movable items of personal property 
-applies to individuals & firms 
-uniform state law 
-Article 2: applies to contracts 
-Section 207: "Battle of Forms" -> Deal still goes through 
 
bilateral contracts - correct answer --involve a promise for promise exchange ( mutual promises) 
-acceptance is before acti...
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TEXAS PROMULGATED CONTRACTS QUESTIONS WITH CORRECT ANSWERS
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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 CORRECT 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 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void CORRECT ANSWER A 
 
In th...
![PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED](/docpics/4930415/661032d0bf16e_4930415_121_171.jpeg)
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PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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Well-structured PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearing for his life, signs the document. Which cause of ...
![Bail Bonds Louisiana Exam With 100% Correct Answers 2023](/docpics/3743027/65424fbbe1d00_3743027_121_171.jpeg)
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023 
Acquit - Correct Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge 
 
Bail Enforcement - Correct Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted 
 
obligor - Correct Answer-the party who owes the duty or debt...
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BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions
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BUL 4421 Final - FAU Gendler Exam 
Questions With Complete Solutions 
CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts 
Four Elements of a Contract: CLAC - answer1. 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 &...
![Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS](/docpics/4295058/65ae28c29ec6d_4295058_121_171.jpeg)
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Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS
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Texas Promulgated Contracts-CHAMPIONS 
STUDY WITH CORRECT SOLUTIONS 
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 - answerB 
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) Bilater...
![Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.](/docpics/64554af2bacf5_2702859.jpg)
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023. 
 
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 
 
(...
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