Promulgated Contracts quizzes Correctly Answered Latest
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Promulgated Contracts
Institution:
Promulgated Contracts
Promulgated Contracts quizzes Correctly Answered Latest
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| Uploaded on: | May 2, 2025 |
| Last updated: | May 2, 2025 |
| Number of pages: | 12 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Promulgated Contracts quizzes Correctly Answered Latest |
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promulgated contracts quizzes | Q&A Latest 2025/2026, 100% PASS A "meeting of the minds" - Answer -mutual consent A contract in which only one party is obligated to perform - Answer unilateral contract Transfers all of the rights related to the contract to another party known as an assignee - Answer -asignment A contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed Answer -executory contract Occurs when a new contract is substituted for an existing one - Answer novation A contract that lacks mutuality - Answer -voidable contract A contract of sale between a buyer and seller - Answer -bilateral contract A contract that cannot be enforced against one or more of the parties Answer -voidable An agreement between a buyer and seller or landlord and tenant Answer -option If a contract has been entered into with a person who has been judged to be incompetent, that contract is considered _____ because that person never had the capacity to enter into it. - Answer -void
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