Bilateral contract Study guides, Class notes & Summaries

National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd party w/ whom a licensee works In-Company Transaction Transact...

National Real Estate Exam - Guide to Pearson Vue Book, Question sections coverage. Rated A+. Verified. An estate for years - -The phrase definite duration refers to: A periodic tenancy - -A lease that automatically renews itself, in the absence of notice, is: $66,666 - -A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - -A requirement of a valid deed is that the deed be: The Truth In Lending...

North Carolina XCEL Testing Life & Health Insurance Exam Study Guide with complete solution Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: Answer>>1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? Answer>>Treaty What is the name of the law that requires insurers to disclose information gathering practices and where ...

CLC 222 Module 3 Exam Contract Management Questions and Answers (2022) (Verified Answers) CLC 222 Module 3 Exam: Contract Management • When reviewing the contract, which of the following shall be reviewed for technical and contractual understanding? (Select all that apply) o Incorrect: The Statement of Work • If the COR is monitoring the contract and notices that most of the deliverables are late, this could be an indicator of a problem with the contractor's ability to perform the c...

HESI A2 Entrance Exam 225 Questions with Verified Answers Virulence -CORRECT ANSWER the ability to produce disease Efface -CORRECT ANSWER to wipe out, to rub out, do away with; (medical) the thinning of the cervix during labor Ubiquitous -CORRECT ANSWER omnipresent, existing or being everywhere osmosis -CORRECT ANSWER process of fluid passing through semi-permeable membrane from higher to lower concentration labile -CORRECT ANSWER apt or likely to change, changing quickly -Becaus...

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - ANSWER-. True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Re...

National Real Estate Exam Prep Answered 100% Correctly 2024 National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd p...

A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...

1.) Which one of the following statements regarding COR appointments is FALSE? - ANSWER-A COR may be delegated authority from the supervisor, program manager or contracting officer. 2.) All of the following statements are correct about COR inspection EXCEPT: - ANSWER-The COR may not conduct inspections 3.) The technical experts and nominated COR are usually involved in evaluating the technical merits of the submitted proposals and rating them against _____ of the final RFP. - ANSWER-Sectio...

Six Elements of a Valid Contract - * Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - Bilateral or unilateral Bilateral contract - a promise for a promise Unilateral contract is: - a promise for an act Express contract is: - K where mutual assent of parties is verbal or written Implied contract - K established based on conduct of parties Quasi contract - No K, but courts act as matter of equity to prevent injustice formal contract - K written/...