Legal capacity of minors Study guides, Study notes & Summaries

Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: - Answer-will be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreement is reached but before performance begins, both Michael and Randy agree to terminate the co...

Promulgated Forms – Champions Exam Study Guide with Complete Solutions 100% Verified 2024/2025 Mutual Consent - Correct Answer "meeting of the minds" unilateral contract - Correct Answer A contract in which only one party is obligated to perform consideration - Correct Answer Something given in exchange for a promise option - Correct Answer an agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time ...

CAIB 1 - Chapter 1 Questions and Answers Rated A+ Define "Risk" The chance of a financial loss to which the object of insurance may be exposed to List 3 Categories of Risk 1) Personal 2) Property 3) Liability List 4 Types of Risk Management Techniques 1) Risk Avoidance 2) Risk Retention 3) Risk Control 4) Risk Transfer Define "Risk Avoidance" To avoid doing something in order to eliminate the chance of risk Define "Risk Retention" To self-insure or to pay for losses the...

PROMULGATED FORMS – CHAMPIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Mutual Consent Correct Answer: "meeting of the minds" unilateral contract Correct Answer: A contract in which only one party is obligated to perform consideration Correct Answer: Something given in exchange for a promise option Correct Answer: an agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time unen...

CAIB 1 / CH 1 / SEC 1 / STUDY GUIDE LATEST UPDATE GRADED A+ Define in pure insurance terms "risk" The chance of financial loss to which an object of insurance is exposed List the 3 categories of risk generally faced by people Personal Risk; Property Risk; Liability Risk State 4 possible options people can choose to deal with risk Avoidance of Risk; Controlling Risk; Retention of Risk; Transfer of Risk Give a brief explanation and example of Avoidance of Risk When chance of fina...

MIE 305 Final Exam Latest Update with Verified Solutions Contract a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for con...

Final Paramedic Fisdap Study Guide latest 2023 Assured A+. Ems Operations - Page 1 OB/Gynecology - Page 11 Pediatrics - Page 20 Airway - Page 30 Medical Emergencies - Page 39 Trauma - Page Cardiology - Page - Page 54 EMS OPERATIONS 1. Airbags Safety During Extrication (2228) • Un-deployed airbags may deploy during extrication and cause harm to the patients and rescuers. • Look for airbag badging or labeling system • A vehicles airbags system comes equipped with an energy capac...

CWEL & CANS exam (Questions & Answers) 2024 update Who needs a child welfare license? - CORRECT ANSWER-Anyone who works in child welfare in Illinois 3 outcomes - CORRECT ANSWER-safety, permanency, well-being Safety - CORRECT ANSWER-Status when an assessment of available information supports the belief that a child is not in immediate danger of moderate to severe harm Permanency - CORRECT ANSWER-A continuous living arrangement designed to meet a child's needs, increases his/her sense...

Massachusetts Insurance Agent License Exam Latest Update with Certified Solutions What are the two components of an agreement? Offer and acceptance. Elements of a legal contract 1. Agreement 2. Consideration 3. Competent Parties 4. Legal Purpose Property and Liability Policy Owned by the policy owner. It is a personal contract. Who is not considered to have legal capacity? 1. Minors 2. Insane Persons 3. Individuals Under the Influence 4. Person Coerced 5. Enemy Aliens 6. Convic...

Final Paramedic Fisdap Study Guide latest 2023 Assured A+. Ems Operations - Page 1 OB/Gynecology - Page 11 Pediatrics - Page 20 Airway - Page 30 Medical Emergencies - Page 39 Trauma - Page Cardiology - Page - Page 54 EMS OPERATIONS 1. Airbags Safety During Extrication (2228) • Un-deployed airbags may deploy during extrication and cause harm to the patients and rescuers. • Look for airbag badging or labeling system • A vehicles airbags system comes equipped with an energy capac...