A ________ occurs when a party to a contract fails to fulfill his/her promise under the contract Group of answer choices a.breach b.voiding c.consideration d.revocation
Q: Emilio's Italian Restaurant enters into a contract with Vino winery wherein Emilio's agrees to…
A: (A) This is the incorrect choice. The omission of a precise number word does not automatically…
Q: 41. which of the following element of an insurance transaction a. taking photos of a prospective…
A: The objective of the question is to identify which of the given options is an element of an…
Q: Which of the following premortem actions can increase the liquidity of a decedent's estate? Making…
A: Answer :- Correct answer is Option - D) III. Urging a client to keep written current records of…
Q: [36] Colonel Buck Shot, a famous horse trader, purchased a Clodsdale horse by giving the seller, Nan…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: Mary, a keen pottery collector, saw a notice in the Daily News for an auction at James Pottery…
A: Contract law is a set of legal concepts and rules that govern agreements formed between two or more…
Q: A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing.…
A: A guaranty-type contract, guided by the Statute of Frauds, holds a significant role in contractual…
Q: A promise made without the intention of performing it amounts to – Question 18Answer a. negligent…
A: The question is asking us to identify the legal term for a situation where a promise is made with no…
Q: What happens when homeowners owe more to subcontractors than the total price they were to pay the…
A: Subcontractors are independent businesses or persons hired by a general or primary contractor to…
Q: evaluate the arguments for an against restricting the availability of punative damages. explain why…
A: Punitive damages are a type of monetary compensation awarded to a plaintiff in a legal case, in…
Q: Under the UCC, a firm offer only applies to
A: Uniform commercial code mainly deals with the governance of commercial business transactions and…
Q: Recording A statement providing an outline of coverage with evidence that insurance is in force is…
A: The question is asking for the term that refers to a document that provides an outline of coverage…
Q: With respect to employment contracts, the term "obsolescence" refers to a contract that: fails to…
A: the term "obsolescence" in the context of employment contracts refers to:(2) no longer reflects the…
Q: What happens when a party with the right to avoid a contract chooses to not avoid it? a. The…
A: Contracts are legally binding agreements between two or more parties, and they define the terms and…
Q: In a self-funded health plan for a commercial company, which entity bears the risk for the medical…
A: Self-funded health care, additionally known as Administrative Services Only (ASO), is a…
Q: Which of the following is false with regard to shipping contracts and destination contracts: A. A…
A: The area of law known as contract law oversees the formulation, interpretation, and upholding of…
Q: An insured's obligation to notify the insurer of a loss is stated in the policy's: O A. Provisions O…
A: Insurance policy is referred to as an agreement or contract that exists between two parties, that is…
Q: our insured has Comprehensive coverage on O.A.P. 1 Owner's Policy and informs you that he/she will…
A: Risk management is a strategic and systematic process aimed at identifying, analyzing, and…
Q: Mary, a keen pottery collector, saw a notice in the Daily News for an auction at James Pottery…
A: In the realm of contract law, disputes often arise when agreements are made and subsequently broken.…
Q: Which does not require the approval of stockholders? a. Declaration of cash dividends b. Purchase…
A: Corporate decision-making is a critical aspect of managing a business and ensuring its success. As a…
Q: A severability provision a. rescinds the entire contract upon request of the party who drafted it.…
A: A severability provision is a crucial component of contracts as it protects both parties from the…
Q: The primary purpose of the Coordination of Benotits provision found in most group Major Mookal…
A: The Coordination of Benefits (COB) provision is a clause found in most group Major Medical policies.…
Q: What are the typical perils that are excluded under a Rented Property Policy form? OA) Vandalism,…
A: A rental property policy can be defined as the type of insurance that protects property owners who…
Q: What will an insurer do if a loss occurs under an insuran binder before a policy has been issued?…
A: An insurance binder is a temporary, short-term agreement issued by an insurance firm that offers…
Q: a real estate broker may do all the following except A. disclose the highest price the buyer is…
A: In the realm of real estate transactions, there are several essential responsibilities that real…
Q: An offer was presented but the seller did not accept the offer, instead, he suggested different…
A: An offer is simply referred to as a proposal made by a party called an offeror to another party…
Q: In order to prevent an insured from recovering more than his actual loss, insurance policies contain…
A: A deductible clause is an insurance policy which is defined as a part of agreement which the…
Q: What kind of argument is present when the premises of an argument do not lead to the conclusion?
A: An argument aims to demonstrate the validity or soundness of the conclusion by showing how the…
Q: 1. Which of the following describes when a person does not understand that a contract is being made…
A: A contract is a legitimately obligatory agreement that establishes and directs the rights and…
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit…
A: Contract is a legally binding agreement which can be entered between two parties in an arms length…
Q: Which one (1) of the following practices is NOT considered to be "misconduct"? OA) The use of an…
A: There are several risks that occur and that can influence the practices and working of the…
Q: The seller's agent has certain duties to the client-principal. Duties of the principal include…
A: The principal-agent relationship is a type of relationship in which the principal appoints an…
Q: Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in…
A: In the given scenario, Sue Flay's Cakery offers to pay Oscar Ruitt not to park in a city-designated…
Q: Believing that his debt is due when in fact it is not, Dr paid his 10,000 debt to Cr. Give the…
A: In accounting, it is essential to know when a debt is due to avoid premature or delayed payments. If…
Q: When a title of a house and lot is delivered to you upon paying the amount agreed upon, is there a…
A: A contract of sale is a legal agreement between two parties, the seller and the buyer, whereby the…
Q: (12) The agreement which caused by fraud, coercion and misrepresentation is called..... a) Void b)…
A: A commitment which has been given by one party to another party is referred to be as agreement.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- 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?help asapA 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 choice
- 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.Because fixtures can be detached from the land, thereby reverting back to personal property, what is a best practice with respect to the creation of a sales contract? to assume that the buyer will ask about any items of interest to not list anything that is to be included in the contract so that easy concessions can be made during the counteroffer phase to assume that the buyer will understand that anything that can be detached will be detached to list everything that is to be included in the contractIf an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.
- Able does not ever want Baker's shares to be transferred to Baker's brother, who has been convicted of criminal fraud and embezzlement on several occasions and who is currently serving time in a federal prison for one of those convictions. Which of the following types of restrictions on the transfer of Baker's shares might Able insist to accomplish this, even if Carter and Dennis don't share Able's concerns? Multiple Choice A put agreement Option agreement Provision disqualifying purchasers Buy-and-sell agreement Right of first refusalBuyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damages:Unsolicited Merchandise: Are there certain circumstances in which a person receiving unsolicited merchandise should be required to return the merchandise to the sender if he or she does not wish to purchase it? What are some of the reasons that the federal government might wish to make no exceptions to the rule freeing consumers of any liability for failing to return unsolicited merchandise?
- 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 contractUsing the IRAC model to answer the question. Jim and Jane got married last Sunday. The next day they travelled to Extended Stay Hotel in Miami for their honeymoon. They arrived at the Hotel, checked in and proceeded to their room. At the back of the front door in their room was a notice excluding liability, which read that “ Extended Stay will not be responsible for articles lost or stolen, unless it is logged at the front desk for safe custody.” However, this exclusion clause could only be seen after the door is closed as well as, the actual notice was small and colored in black, with a white background. Regrettably, with all the excitement of their honeymoon, both Jim and Jane did not even notice the exclusion clause at the back of the door. One day when they were out shopping, someone came into their room and stole Jim’s laptop.…Which of the following sections of an insurance contract limits coverage? A Waiver of Premian OB OC OD. Conditions Exclusions Declarations