Legl 2700 roessing Study guides, Class notes & Summaries

LEGL 2700 Roessing Test 3 Questions and Answers

LEGL 2700 Roessing Test 2 with correct Answers

LEGL 2700 Roessing Exam 2 Studyguide 2024...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct 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 - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct 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 - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

LEGL 2700 Roessing Test 3 Questions and Answers contract - Correct ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Correct ️️ most important example of state-based legislation impacting contract law goods - Correct ️️ tangible, movable items of personal property bilateral contract - Correct ️️ an agreement containing mutual promises unilateral contract - Correct ️️ an agreement with only one promise, and only one party is committed...

LEGL 2700 Roessing Test 3 Questions and Answers.

Law - Answer-made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - Answer--laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - Answer-ownership-allows you to exclude others without your permission Common Property - Answer-resources like land that multiple people own Contract Law - Answer-enables an owner to exchange resources...

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 Acceptance, then perfor...