Fresh Milk, Inc., is the offeror and Guernsey Dairy Farm is the offeree under a unilateral sales contract. Fresh is not notified of Guernsey's performance within a reasonable time. Fresh Select one: a. must assume that Guernsey has started to perform. O b. must contact Guernsey. O c. O d. may treat the offer as having lapsed. must assume that Guernsey has rejected the offer.
Q: As a governance mechanism the “threat of takeover” refers to: a) The risk that the government might…
A: Threat of takeover is defined as the fear of acquiring firm by others among the management of the…
Q: Which one (1) of the following statements is true regarding Replacement Cost insurance? OA) A…
A: let's break down the conditions and exceptions mentioned in the question:A) The spoilage is caused…
Q: 1. Reinstatement of a life insurance policy requires an insured to take all of the following actions…
A: The question is asking which of the listed actions is not required for the reinstatement of a life…
Q: Hiren
A: The objective of the question is to record the journal entry for Crane, Inc. at the commencement of…
Q: 56. A sales associate presents an owner with an offer for $175,000 on behalf of a buyer. The owner…
A: The objective of the question is to determine the correct statement regarding the status of a…
Q: 1. Cash flow concerns: The CEO of Mudge Paper Company, Jimmy Cricket, expressed concerns about tying…
A: The above given case of Mudge Paper Company instance demonstrates how biases can influence…
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: 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: What should a Commercial Vehicle Operator's Registration (CVOR) include? Description of the nature…
A: The Commercial Vehicle Operator's Registration (CVOR) is a regulatory framework aimed at ensuring…
Q: Dwayne “the Rock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Ed…
A: Please note that we are not suppose to provide external links as reference in the platform, however…
Q: 1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the…
A: Collateral promise refers to a scenario in which the guarantor agrees to pay the debts of a…
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: 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: Broker Karen is assisting Seller Tom in the sale of his Florida home. Karen tells Tom that she can…
A: The objective of the question is to determine whether Tom is making any inappropriate requests of…
Q: What business was LaVista Lottery in? b. What is keno? c. Was this a profitable business? d. So what…
A: "Since you have posted a question with multiple sub-parts we will provide the solution only to the…
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: Calculator A producer has taken an application for an individual Disability Income policy, collected…
A: The objective of the question is to understand the correct procedure that an insurance company…
Q: When an accountant or an attorney is asked to act as an agent, an agreement to compensate the agent…
A: An agent, as defined in legal contexts such as the Indian Contract Act of 1872, is an individual or…
Q: Which disclosure notice is required for a single agent to change to a transaction broker? A.…
A: In real estate transactions, the transition from a single agent to a transaction broker involves a…
Q: Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his…
A: Contract law plays a vital role in everyday transactions, providing a framework for legally binding…
Q: Motor Vehicles Body Shops contracts to buy from Paint Supply & Equipment Headquarters, Inc.,…
A: Contract law is a legal procedure that oversees the creation, understanding, and implementation of…
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: 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: David is a licensed agent who typically represents homeowners looking to sell their house. As an…
A: The objective of the question is to determine the type of agency relationship that David, a licensed…
Q: Non-compete agreements are typically held to be illegal in most states. True False
A: Non compete agreements are the contracts that exist between an employee and an employer in which the…
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions…
A: Recruiting the right candidate could be a challenging task for the recruiter. The job requirement of…
Q: Which of the following correctly identify the requirements for both legal and personal competence…
A: A fiduciary is a person or organization that is legally and ethically bound to act in the best…
Q: Which of the It is determined with reference to what is usual busine It is the sole determinant of a…
A: The authority that a person acquires to carry out the responsibilities shouldered to him, within the…
Q: Which one of the following is NOT a correct pairing of a trust provision with its characteristics?…
A: A trust provision is a clause or condition included in a trust agreement that sets out specific…
Q: An insured's house is destroyed by fire and due to local by-laws, has to be rebuilt with more…
A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…
Q: Read the Registered Consent Agreement for True Sports, Inc. (File Number CT-2020-009), on the…
A: A Registered Consent Agreement (RCA) is a legal document used in competition law. It involves two…
Fresh Milk, Inc., is the offeror and Guernsey Dairy Farm is the offeree under a unilateral sales contract. Fresh is not notified of Guernsey's performance within a reasonable time. Fresh Select one: a. must assume that Guernsey has started to perform. O b. must contact Guernsey. O c. O d. may treat the offer as having lapsed. must assume that Guernsey has rejected the offer.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Buyer 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 damagesHandwritten words are given less importance by the court than preprinted words on a written contract.Question 11 options: True FalseIn order to agree to an offer, the offeree must know of the offer.Question 12 options: True FalseAn advertisement is an offer for a sale of an item by express contract.Question 13 options: True FalseAny modifications to the offer by the offeree, modifies the offer and makes it a counter offer.Question 14 options: True FalseUniform Commercial Code covers contracts relevant to sale or lease of goods.Question 15 options: True FalseJames is looking to enter into a listing contract with Mary to sell her house. The two are trying to come to an agreement on what type of listing contract to use. What type of listing contract will offer James the least amount of protection? O An open listing agreement since it is a unilateral contract. O An exclusive Right to Sell agreement since it is a bilateral contract. O An Exclusive Agency agreement since the owner can still find a buyer themselves O An Exclusive Agency agreement since it is a unilateral contract.
- A unilateral mistake occurs when a. both contracting parties share the same mistake. b. one party enters a contract under a mistaken assumption. c. one party makes a factually incorrect statement. d. one party makes false statementsto induce the other party to contract while knowing the words are false or being uncertain that they are true.Pls help ASAPBailey is a limited partner in his company. A general partner in his company is going on an extended vacation and has asked Bailey to run the company while he is gone. If Bailey agrees to do so, he will no longer qualify as a limited partner. ( a) True b) False
- Hyde is a broker involved in a conflicting demands settlement procedure that has already begun. The escrow funds are held in an attorney's escrow account. Hyde seeks an EDO from the FREC. How will the FREC likely respond? The FREC will not issue an EDO because the funds are in an attorney's escrow account. The FREC will issue an EDO within ten business days. The FREC will issue an EDO if the other three settlement procedures don't work. The FREC will not issue an EDO because the dispute must be settledIf a prospect does NOT submit the initial premium with an application, the producer Su A refuse the application submit the application to the insurance company and advance the premium for the prospect from the agency account submit the application to the insurance company without the premium give the applicant a conditional receipt and send the application to the insurance company without the premium OB OC. ODOE B A mortgage loan originator (MO) accesses a loan applicant's credit report and discovers that one of the debt obligations that the applicant reported on the application is not listed on the report. The MLO must counsel th applicant to: A.) remove the obligation disclosure from the application. B) stop making payments on the obligation. C) provide evidence of the obligation. D.)create a document discharging the obligation. 目
- QUESTION 27 Which of the following is an example of a contract that lacks legality? O a. A contract to purchase a car from a licensed dealer Ob. A contract to provide consulting services OC. A contract to rent an apartment for a year Od. A contract to purchase illegal drugs QUESTION 28 What is a breach of contract? Oa. A contract that is void and unenforceable O b.A negotiation process to resolve contract disputes OCA legal document that outlines the terms of an agreement O d. A failure to perform a duty as specified in a contract Show Transcribed Text QUESTION 29 3 QUESTION 30 C Which of the following is NOT a remedy for breach of contract? O a. Specific performance O b. Rescission O c. Damages O d. Arbitration Which of the following is a factor that can render a contract voidable? Oa. Undue influence Ob. All of the answers are correct OC. Mistake O d. DuressIllinois Accident and Health Producer General - Shayaan Shaikh Offer, acceptance, and consideration are necessary elements of: OA. OB. OC. OD. a warranty a representation a contract insurable interest Time Remaining Flag foQuestion 13 A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. True False Question 14 Hudson National Bank files a financing statement regarding a transaction with EcoVibes. To be valid, the financing statement must contain both the debtor's and creditor's signatures. True False Question 15 The Truth-In-Lending Act applies to all merchants that sell consumer goods. True False