Contract Study guides, Class notes & Summaries

Virginia Contractor's Exam Questions With 100% Correct Answers What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - answer$500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? - answerProtect the health and welfare of the public. The application for licensure MUST include - answerthe business address of the proposed designated employee. All of the following must be licen...

Texas Promulgated Contracts Quizzes Perfectly Solved!! The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral ...

NR 509 Week 4 Quiz Latest Question and Answers. The sac that surrounds and protects the heart is called the: a. Pericardium. b. Myocardium. c. Endocardium. d. Pleural space. 2. The direction of blood flow through the heart is best described by which of these? a. Vena cava right atrium right ventricle lungs pulmonary artery left atrium left ventricle b. Right atrium right ventricle pulmonary artery lungs pulmonary vein left atrium left ventricle c. Aorta right atrium right ventricle lung...

CA CONTRACTORS LAW EXAM PRACTICE TEST 1 ACTUAL EXAM LATEST 2024 QUESTIONS WITH CORRECT ANSWERS GRADE A+

What is a contract? CORRECT ANSWER A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. CORRECT ANSWER False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? CORRECT ANSWER - Must b...

CLC 222 Module 2 Exam Contract Pre-Award & Award Questions and Answers (2022) (Verified Answers)

SPD correct answer: Department of the Texas Comptroller of Public Accounts (CPA); is the central authority for state agencies unless otherwise stated in legislation. In other words, it has delegation of purchasing authority. Also provides procurement guidance, education, and contract development services. Responsible for developing and administering the CTCD and CTCM certification programs. Dollar amount at which LBB Reporting required for major IS projects within 10 days of award correct an...

You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your decision? You can accept the offeror's proposal under certain circu...

Accept or reject the whole group - During the underwriting process for a group health policy, it was discovered that 15 out of 50 members of the group have major health issues. How would the insurer handle this? A. Accept or reject the whole group B. Accept the 35 insurable individuals while rejecting the remaining 15 C. Charge a higher premium to the 15 unhealthy individuals D. Assign the group to a reinsurer Contract that allows the policyowner to receive a share of surplus in the form ...

California Life Accident And Health Exam 2024. A ABC INSURANCE - Correct Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED - Correct Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED - Correct Answ...