What are the kinds of obligations? Site the difference between contract and agreement.
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What are the kinds of obligations? Site the difference between contract and agreement.
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- What is contracting out? Weigh the advantages and disadvantages of contracting out. Do you think that the advantages outweigh the disadvantages? When would contracting out NOT be advantageous?Name Nature of Gontracts Guiz 1. A unilateral contract is a type of ontrast in which each party plays two roles: a promisor and a promisee, True False 2. A bilateral contract is a type of contract in which both parties play two roles: a promisor and a promisee. True False 3. For a contract to be valid, each party to a contract must receive something of value for their efforts, What is the legal term used to describe the value that each party receives? 4. For a contract to be valid, each party must have the same understanding of what is contained in the contract. What is the legal term used to describe this common understanding of the contract terms? 5. For contracts to be considered legally binding, they must be established based on lawful subject matter. Which of the following are not requirements that the subject matter must meet in order to be considered lawful? (Select all that apply.) The subject matter does not violate any fundamental dictates of common law. The subject matter…What risks do buyers associate with each of the different types of contracts (fixed-price, incentive, or costs contracts)?
- Q.1.4 Parties who wish to enter into a legally binding contract must have the necessary legal capacity to enter into a contract, otherwise the contract will not be valid. Q.1.4.1 Explain the difference between contractual capacity and legal (2) сарacity. Q.1.4.2 Explain whether it is possible for a legal subject to possess one of the (3) above forms of capacity without the other and justify your answer.Question 3 Buyer and seller enter into a clear contract. The buyer refuses to purchase for a reason not excused by a contingency. Which statement is correct? A - The seller is entitled to damages the buyer caused, which are taken from either the earnest money deposit or the 20% down payment. B - The original buyer gets the earnest money deposit back as soon as there is a new offer. C - The seller has the right to terminate the contract and keep the earnest money deposit. D - The seller has the right to keep 20% of the down payment on property.Explain the Principles Of Delegation in Mangement.
- 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. DuressPlease answer question with details on how to do it. Thank you.QUESTION - A valid contract can be discharged by the parties. Discuss how a contract can be discharged in contract law.
- Contract Management and Administration Case Analysis: Auditing Agencies Unearth Procurement Scam Two government auditing agencies have unearthed serious irregularities in the procurement of relief items worth Shs10b. Two forensic audits by the Office of the Auditor General (OAG) and the Public Procurement and Disposal of Assets (PPDA), dated September 7, 2021, and April 12, 2022, respectively, put senior officials on the spot for allegedly causing financial losses to the taxpayer. Copies of the findings seen by this newspaper point to alleged forgeries, collusion between some officials and suppliers, and failure to adhere to key critical procurement regulations. Our analysis of a cache of official documents of the contentious procurements, which dovetails with findings by government auditors, shows that contracted companies supplied items without a contract specifying quality, leading to the delivery of substandard items. The auditors found some officials culpable of undertaking…Q3. Explain the contract? Classification of contracts based on their nature and formation in the Oman context.Contract management is a critical function of these projects. Explain the risks that may occur during the performance of the above projects pertaining to contract management.
