Negotiable Instruments topic : Examine the different types of endorsements and their implications.
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Q: Why is it important to have a bid form also explain the difference between open and closed bidding?
A: The bidding is common in the field of construction such as government or private companies floating…
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A: A guaranty-type contract, guided by the Statute of Frauds, holds a significant role in contractual…
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Q: (1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the…
A: Detailed explanation: Let's delve into a recent contract I entered into: (1) The Contract:Recently,…
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Q: How can a negotiator use compromise?
A: It is a style of negotiation where both parties will win some and lose some in the negotiation…
Q: Alf sells prestige used cars. In the window of his office showroom Alf displays a whiteboard. On…
A: The objective of the question is to understand the legal concepts of 'offer' and 'invitation to…
Q: Making an instrument negotiable requires many step
A: Eight Requirements for Negotiable Instruments The idea of negotiability is one of the most…
Q: Why is it important to have the option of a substitute for cash as payment in a contract? In what…
A: Written contracts that promise to pay a specific quantity of money are known as negotiable…
Q: What is the method of determining the final contract price?
A: The amount that is payable by the owner to the builder is known as the contract price. The final…
Q: Listing Agent Pete is willing to help sell Seller Cami's condo but believes it will take a lot of…
A: The objective of the question is to determine the type of listing agreement that would best suit…
Q: Describe the primary methods for discharging a contract.
A: A contract is discharged by order of the court. In some cases, such as insolvency or the death of…
Q: what are the qualities of good negotiator ? Explain them
A: Stamina: The best negotiator should stick to a negotiation no matter how stressful it might become.…
Q: How is an offer accepted? Describe the rules for the manner of acceptance
A: In basic words, acceptance is an articulation by the offeree of his eagerness to be limited by the…
Negotiable Instruments topic : Examine the different types of endorsements and their implications.
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- Arthur recently selected a broker to sell his house. Arthur and the broker are now in the process of finalizing the listing agreement. How should Arthur determine how much he should pay the broker as a commission? O The commission must be set to 6% of the sales price as dictated by FREC O The commission must be between 3-6% of the sales price as per NAR guidelines. ○ Arthur must negotiate with the broker until both parties agree to a commission. O A listing broker is not entitled to a commission.1. The Sherman Antitrust Act prohibits price fixing. Price fixing is A. the use of false or misleading statements or practices to persuade buyers that a product is a better deal than it really is. B. the practice of employing price differentials that tend to injure competition by giving one or more buyers a competitive advantage. C. an agreement among competing firms to raise, lower, or maintain prices for mutual benefit. D. an attempt to establish high prices by becoming the market leader. E. the intent to set a product's price so low that rival firms cannot compete and therefore withdraw from the marketplace. 2. Travis Kellogg is a sales representative for Xerox and his territory includes St. Louis and the surrounding suburbs. One of his accounts is Cintas, which offers a wide range of products to businesses. Travis was working with the Cintas division manager, Kiera Valentine, to gain her approval to purchase a networked printer and copier for the local office.…Under the UCC, a firm offer only applies to Group of answer choices merchants. merchants and nonmerchants. nonmerchants. option contracts.
- Pls help ASAP10Buyer 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
- What risks do buyers associate with each of the different types of contracts (fixed-price, incentive, or costs contracts)?1. A contract to sell real estate is generally not enforceable unless it is in writing. a) True b) FalseThe following situations generally require a contract to be in writing: • sales of land • purchases of goods over $500 • promises made in consideration of marriage ⚫ contracts that cannot be completed in less than one year • a contract in which one person promises to pay the debt of another person This legal concept is known as offer and acceptance promissory estoppel the statute of frauds et lux perpetua luceat eis
- Question 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 Falseq) Explain, with reasons, whether or not the increase in thebad debt provision increases audit risk and describeappropriate tests you would carry out on the provision.don't use chatgpt answer i will 5 upvotes A party who receives a negotiable instrument as a(n) ------------- or through mistake will be a holder instead of a holder in due course. gift a)value instrument b)endorsed instrument c)defective instrument d) bearer instrument