T/F All contracts involve promises and every promise is a legal contract .
Q: Every transaction in business creates a contract (agreement) between the parties. To determine…
A: A contract is an arrangement that establishes a legal obligation or liability between two or more…
Q: what is a turnkey contract what are advantage and disadvantages
A: Turnkey contracts are the type of contracts in which a contractor promises to build a project which…
Q: James Bond's offer has been accepted and he has removed all contingencies. Then he finds a better…
A: C He cannot cancel the contract because he has removed all contingencies.
Q: Given that one goal of a contract is to avoid litigation, which of the following can be useful to…
A: A legally binding agreement outlining the terms and circumstances of a specific transaction or…
Q: piece of paper. Proper follow through will really test whether the negotiation was What are the…
A: The follow through refers to the following of the guidelines after the contract has been signed…
Q: What is contract? Discuss the essential of a valid contract?
A: Contracts are an integral part of business and personal transactions, as they provide a legally…
Q: What is the nature of contracts?
A: A contract implies an arrangement, which is enforceable by law. An understanding comprises of…
Q: 1. List the 4 parts of a contract. 2. Please put in your own words…What is the Objective…
A: Contract law is a branch of civil law that deals with the creation and enforcement of agreements…
Q: What is the difference between a turnkey contract and a cost-plus contract? Include in your…
A: A small Introduction about Project Management Project management gives design and control of the…
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 fiduciary relationship is one based on trust and explicit or implicit contract that creates…
A: Law constitutes a system of rules and regulations which the country and their people has to follow…
Q: If a contract was found to be ambiguous, would you rather be the person who wrote the contract or…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: The contract for a home purchase typically includes: 1. The negotiated price II. The completion of a…
A: When entering into the significant endeavor of purchasing a home, fundamental components typically…
Q: You are required to fully advise Jackson as to what constitutes a valid contract in law.in your…
A: A valid contract is a legally binding agreement between two or more parties that meets all the…
Q: What is compromise? What is compromise agreement?
A: Employment law is the set of laws and regulations controlling interactions between workers and…
Q: Explain the essential elements of a valid contract, including offer, acceptance, consideration,…
A: Contracts are legally binding agreements between two or more parties. They are indispensable for…
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: BUSINESS • MANAGEMENT What are the pre requisite for consent to be free so that the agreement is a…
A: Contract A contract can be explained as a agreement between two parties, wherein one party…
Q: Which of the following contracts do not need to be in writing? OO Contracts that cannot by their…
A: A.State regulations typically mandate that some agreements, such as contracts, be in writing in…
Q: Discuss the legal principles and considerations involved in contract formation, particularly in the…
A: Contract formation, which serves as a legally enforceable agreement between two parties, is a basic…
Q: During negotiation, buyers make all kinds of statements. What would be your response to the…
A: The responses areas follows:
Q: Which of the following is/are not true? a) Pure obligation is demandable. b) Obligation with a…
A: Every obligation or duty whose performance does not depend upon a future or uncertain event, or upon…
Q: What are the legal and ethical considerations involved in negotiating and drafting contracts, and…
A: Contracts are legally binding agreements that establish rights and obligations between parties. They…
Q: Product should have exchange value and must be capable of being exchanged between seller and buyer…
A: Leadership is the act of leading a group of people or an organization. It helps in motivating…
Q: As a seller, which of these contracts would you prefer? Which contract would ensure that you can…
A: 1. A cost-reimbursable contract is where a seller/ contractor is paid for the actual costs incurred…
Q: What happens if the pledged property is destroyed or lost while in the possession of the pledgee?
A: When a borrower pledges property as collateral for a loan or debt, the pledged property serves as a…
Q: Why do businesses prefer express contracts to implied contracts?
A: An express contract is a contract formed between parties through a verbal or written agreement that…
Q: A contract is a modification to the construction document before the contract is issued, and a is a…
A: ANSWER IS AS BELOW:
Q: Is it better to have a single set of rules for all types of contracts, or does it make sense to have…
A: Mutually recognized and agreed-upon legal arrangements between two or more parties are known as…
Q: What is meant by performance of contract?
A: The term 'performance of contract' refers to the act of carrying out the duties, obligations, and…
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: D6) A listing agent shows a buyer a home. The buyer completes an offer, which the listing agent…
A: The laws that regulate the terms and conditions of agreements are collectively known as contract…
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: What are the legal requirements for establishing a valid contract, and what happens when one party…
A: A contract is a legally binding agreement between two or more parties. To establish a valid…
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: Has the advent of the internet created more potential fraud and overreaching in the creation of…
A: Internet one of best source since it can create everything possible which was likely impossible.…
Q: What are the main components of a contract, and how do businesses use contracts to manage risk and…
A: Contracts are a crucial tool for businesses to manage risk and protect their interests.…
Q: A Future Contract is Clearly defied in in the future at a price determined today today at a…
A: Futures contracts are agreements between two parties to purchase or sell a specified asset at a…
Q: what do you understand by contract specification? Explain the term with any suitable example
A: While making a contract and before the agreement of both the parties, there are the certain…
T/F
All contracts involve promises and every promise is a legal contract .
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