Unliquidated debt Study guides, Class notes & Summaries

BLA 361 UNCW Exam 2 Review With 100% Correct And Verified Answers 2024

Final Exam (BCOR 2301) 2023 Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. prov...

Constitutional Law Law as expressed in the U.S. Constitution or state constitutions. The U.S. Constitution is the supreme law of the land. State constitutions are supreme within state borders to the extent that they do not conflict with the U.S. Constitution. Statutory Law Statutes (including uniform laws) and ordinances enacted by federal, state, and local legislatures. Federal statutes may not violate the U.S. Constitution. State statutes and local ordinances may not violate the U...

Contract law demonstrates which excuses our society accepts for breaking certain types of promises. - Answer t Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding - Answer f In contract law, intent is determined by the personal or subjective intent, or belief, of a party - Answer f One of the four requirements of a valid contract is an adequate price - Answer f The term consideration refers to the legality of the...

LAW 575 final exam 30 out 30 correct 1)Which of the following is true regarding state and federal court jurisdiction? A.In all cases, state courts have concurrent jurisdiction with the federal courts. B.Federal courts begin with exclusive jurisdiction until a state court intervenes. In all cases, state courts have exclusive jurisdiction unless the C.state's supreme court grants jurisdiction to a federal court in the state. D In some cases, state courts have exclusive jurisdiction; in some...

LAW 575 final exam 30 out 30 correct 1) Which of the following is true regarding state and federal court jurisdiction? A. In all cases, state courts have concurrent jurisdiction with the federal courts. B. Federal courts begin with exclusive jurisdiction until a state court intervenes. In all cases, state courts have exclusive jurisdiction unless the C. state's supreme court grants jurisdiction to a federal court in the state. D In some cases, state courts have exclusive jurisdiction; in ...

CIPS L4M8 Exam Verified 100% Correct!! Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with...

What are the three tests that must be met for use of the Necessary Expense doctrine? - Answer Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? - Answer The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of budgetary resources remains available for new obligations for more than one fiscal year? - Answer Multi-...

Final Exam (BCOR 2301) 2023 Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. prov...

TLI4801 Assignment 1 Semester 1 2022TLI4801 Assignment 1 Semester 1 2022 (1a) Discuss the type of summons that will be used to institute Mrs Steven`s divorce action. (4) The combined summons will be used to institute Mrs Steven divorce action. According to Marnewick C.G (2012),1 Combined summons are primarily used where the plaintiff s ‟ claim is unliquidated, that is where it is not a claim for a debt or liquidated demand. A combined summons is a summons to which is annexed a stateme...