(1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the consideration. Make your post detailed and interesting
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(1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the consideration. Make your post detailed and interesting
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- You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions shall be posted for seven (7) days. All bids filed with the posting period shall be considered. If qualifications are relatively equal, the more senior bidder shall be granted the position, provided, however, that employees granted a position hereunder shall be ineligible to be granted a new position for one year from the date of promotion. You hire an external applicant who is far better than the senior bidder. Under what circumstances could you hire the outside applicant under this language. What argument would you expect the union to make? What would you expect the union to say if you offered to grant the next vacancy to the senior person denied the position and why?A condition is a stipulation which is a Question 10Answer a. not essential to the main purpose of contract of sale, b. collateral to the main purpose of contract of sale c. none of the above. d. essential to the main purpose of contract of sale Clear my choiceTrue/False. An objective test is used to determine whether an offeror intended to be legally bound by their offer.
- How is an offer accepted? Describe the rules for the manner of acceptance and its communiBill offers to sell his car to Tom for $9,000. Tom replies, “Your price is too high! I will offer to buy your car for $8,000.” Tom’s response is: A) a counteroffer B) a rejection of the original offer only C) the creation of a new offer only D) a refusal to deal.The personal feature of property insurance contracts means that: * A) subrogation always applies B) ambiguities in the wording will always be construed against the insurer C) insurance contracts cannot be freely transferred to other parties D) the buyer of insurance must have insurable interest in property before the policy is issued
- 1) summarizing whether you believe that contracts are promises 2) Analysis whether and why contracts and promises should be treated the same or differently 3) in your analysis, consider the potential economic, legal and moral consequences of your answer.Number 16: Which of the following is true about implied authority?The four agree to a formula under which they will price the shares pursuant to granting each other the right to buy the shares of an owner who decides to sell. This is an example of what kind of restriction on transfer? Multiple Choice Provision disqualifying purchasers Put agreement Consent constraint Buy-and-sell Option agreement
- Which one of the following is NOT a correct pairing of a trust provision with its characteristics? A) Spendthrift provision: a clause in a trust that prevents a beneficiary from withdrawing more than the greater of $5,000 or 5% of the corpus.quizlet B) Crummey provision: a trust clause that provides the beneficiary with a limited duration right to demand payment of contributions to a trust each year up to the annual gift tax exclusion from the trustee. C) Discretionary provision: a trust clause that allows the trustee to use his or her sole judgment in determining how much of the trust income and principal will be paid to or on behalf of a beneficiary. ?Which of the following represents the MOST accurate contractual definition of "consideration"? something valuable that each party exchanges in order to demonstrate that they agree to the contract's terms earnest money something that both parties to the contract perceive as valuable something perceived as valuable by at least one party to the contractPls help ASAP