BUSI 301 Liberty University -BUSI 301 Exam 2 correctly answered

BUSI 301 Liberty University -BUSI 301 Exam 2 correctly answered_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be in writing under certain circumstances When the parties complete their promises and obligations to each other, the contract is said to be: ______. - correct answer Discharged An agreement must reflect ________ assent in order to legally form a contract. - correct answer genuine or mutual The statute of ______ is the law that states certain contracts must be in writing to be enforceable. - correct answer Fraud Imposing conditions to a contract helps the parties allocate or adjust _____ associated with performing a contract. - correct answer risk Generally, courts allow the party who has ______ to be paid the full amount of the contract price less any costs suffered. - correct answer substantially performed Passing the CPA exam or meeting some other licensing requirement within one year of beginning employment with a company would be an example of a(n) ______. - correct answer condition subsequent