Legl 2700 roessing exam 2 Study guides, Class notes & Summaries

LEGL 2700 Roessing Exam 2 Questions and Answers 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 ...

LEGL 2700 Roessing Exam 2 Prep Set Questions & Correct Answers Promise - ANSWER : A commitment or willingness to be bound to a contract obligation Contract - ANSWER : A legally enforceable agreement between two or more parties that requires: -Offer and acceptance -Contractural capacity -Genuine Assent -Lawful Purpose -Lawful Form Uniform Commercial Code (UCC) - ANSWER : The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize t...

LEGL 2700 Roessing Exam 2 Latest Update...

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

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LEGL 2700 Matt Roessing Chapter 8 and 9 Notes for Exam 2

LEGL 2700 Roessing Test 1 Exam Set Questions And Verified Correct Answers 1. JPMorgan and Chase - ANSWER : During the housing crisis in 2010, JPMorgan and Chase didn't let their shareholders in on information that may have impacted their stock decisions. They settled a wide array of cases costing more than $20 billion. 2. Law - ANSWER : Brings people together. Stated by state and backed up by enforcement. Made up of rules. Written ad Accessable 3. Hammurabi's Code - ANSWER : ...

property - correct answer -the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - correct answer -protects private persons and allows them to exclude others from interfering with resources that are acquired without force, theft, or fraud public property - correct answer -state's right under various circumstances to exclude people from state monuments, buildings, equipment, land, and other public reso...

LEGL 2700 Matt Roessing Chapter 8 and 9 Notes for Exam 2 Questions and Answers contract - Correct ️️ legally enforced promise or an exchange of promises contract law - Correct ️️ enables private agreements to be legally enforceable Uniform Commercial Code - Correct ️️ creates special rules applicable to the sale of goos bilateral contract - Correct ️️ involves a promise for promise exchange unilateral contract - Correct ️️ exists when a promise is made in exchange for p...