Unilateral contract Study guides, Class notes & Summaries
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GDL Contract Law Revision Notes(Distinction Level) 2023 GRADED A
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GDL Contract Law Revision Notes(Distinction Level) 2023 
GRADED A 
Contract Law Notes 
Agreement and Contractual Intention 
Agreement: 
In order for parties to reach an agreement, one party must make an offer which is acceptedby the 
other. 
‘Offer’: Professor Treitel: ‘an expression of willingness to contract on certain terms, madewith the 
intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.’ 
‘Offeror’: Person who makes the offer....
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CON 2370 Simplified Acquisition Procedures, Exam Practice Questions With Correct Answers Updated 2023-2024 | 100% Verified
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CON 2370 Simplified Acquisition Procedures, Exam Practice Questions With Correct Answers Updated | 100% Verified. Which of the following is true? - Answer the use of simplified acquisition procedures is 
authorized. 
T03.E03a 
You are the contracting office for a firm-fixed-price purchase order for commercial 
supplies with a value of $565,000. Two weeks after delivery and acceptance of the 
items, the user complains that the goods are not functioning as expected. You 
Investigate and determine...
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Louisiana Real Estate - State Portion License Exam
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CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED)
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CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED) Which one of the following statements is true regarding the policies for the use of 
simplified acquisition procedures (SAP)? - Answer Purchases shall be made in the 
simplified manner that is most suitable to the circumstances of the acquisition. 
Not - The use of SAP is authorized for all commercial acquisitions 
Not - The purpose of SAP is to improve opportunities for small businesses to obtain ...
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Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution
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What is insurance? 
 (Ans- protection against financial loss 
 
what is a premium 
 (Ans- a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for 
 (Ans- premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
 
how can insurance companies afford to pay for an individuals catastrophic loss? 
(Ans- the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what is Indemnity 
 (Ans- payment for...
Too much month left at the end of the money?
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CON 2370 Simplified Acquisition Procedures Questions and Answers Already Passed
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CON 2370 Simplified Acquisition Procedures Questions and Answers Already Passed 
You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? The contract is considered closed once you receive evidence of receipt of property and final payment. 
Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? Purchases shall be made in the...
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Promulgated Contract Forms - Champions School Of Real Estate Latest Test
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Promulgated Contract Forms - Champions 
School Of Real Estate Latest Test 
Mutual consent a "meeting of the minds" 
Unilateral Contract A contract in which only one party Is obligated to perform. one 
sided 
Consideration something given in exchange for a promise 
Option an agreement between a buyer and seller giving the buyer the right to 
purchase a property at a preset price for a given period of time 
Unenforceable Contract a contract that cannot be enforced due to some flaw or 
other issu...
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SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution
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SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution 
 
Contract 
A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. 
What is contract law based in? 
Common Law. 
What does the Uniform Commercial Code (UCC) do? 
Governs commercial codes and contracts. 
What are the parts of a contract? 
Offer, Acceptance, Consideration. 
The Offer 
A conditional promise made by one party to another. 
Bil...
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Law of Contracts - Champions Test | Questions & Answers (Graded A+)
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Law of Contracts - Champions Test | Questions & Answers (Graded A+) 
Law of Contracts - Champions Test | Questions & Answers (Graded A+) 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER - fraud 
 
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ANSWER - 90 days 
 
__________ extend above the surface without limitation. - ANSWER - air rights 
 
An example(s) of an appurtenance would be: - ...
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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