Offer and Acceptance Study guides, Class notes & Summaries

SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution Contract A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. What is contract law based in? Common Law. What does the Uniform Commercial Code (UCC) do? Governs commercial codes and contracts. What are the parts of a contract? Offer, Acceptance, Consideration. The Offer A conditional promise made by one party to another. Bil...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

ASSIGNMENT 01 QUESTION: Carol, an owner of an exclusive bicycle shop advertised a special limited-edition bicycle for sale, and invited the public to make offers for the bicycle. Jane and Portia were among many people who submitted written offers for the bicycle. Jane’s offer was for R150 000, and Portia’s offer was for R190 000. Although Carol intended to accept Portia’s offer, she erroneously wrote a letter to Jane, wherein she accepted Jane’s offer. Jane believes that an enforceabl...

A nurse is caring for a client who has dementia. Which of the following actions should the nurse take to promote communication? A Face the client at eye level when communicating. B Offer correction of incorrect client statements. C Reorient the client to date and time with each encounter. D Avoid using gestures when communicating with the client. ________________________________________ Correct Answer: A Face the client at eye level when communicating. This is because eye conta...

The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: Reserves An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the: Fair Credit Reporting Act A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: A fraternal benefit society What I the name...

when does the real estate agent give the seller's a copy of their listing agreement form? - immediately what are the elements needed for a valid purchase and sales agreement? - consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as collateral to secure a borrower's debt - package mortgage name of the state/local sales tax debt to the seller in the transfer of prope...

BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts Four Elements of a Contract: CLAC - answer1. Contractual Capacity 2. Legal Object 3. Agreement (offer, acceptance) 4. Consideration Contract - answer-A promise or set of legally enforceable promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty. Agreement - answer(Offer &...

Test Bank For Anderson's Business Law and the Legal Environment, Standard Volume 23rd Edition by David Twomey, Marianne Jennings, Stephanie Greene 5556, 5, 7640, 6 1: TheNature and Sources of Law 2: The Court System and Dispute Resolution 3: Business Ethics, Social Forces, and the Law 4: The Constitution as the Foundation of the Legal Environment 5: Government Regulation of Competition and Prices 6: Administrative Agencies 7: Crimes 8: Torts 9: Intellectual Property R...

The Best Test Bank for Surgical Technology 8th Edition by Kotcher Fuller 2023 Chapter 01: Surgical Technology: The Profession and the Professional Fuller: Surgical Technology: Principles and Practice MULTIPLE CHOICE 1. The professional association for surgical technologists is the ________. a. Association of periOperative Registered Nurses b. American College of Surgeons c. Association of Surgical Technologists d. Accreditation Review Committee on Education in Surgical Technology ANS: ...

Areas of regulation for Intermediaries - Q-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime Business interruption Liability Aviation Marine Inla...