Unit 5 Practice Test 1. All contracts involving interests in land must be in writing to be enforceable –T 2. A contract that by its own terms cannot be performed within a year must be in writing to be enforceable -T 3. All promises must be in writing to be enforceable -F 4. There are no exceptions to the Statute of Frauds -F 5. The rights under a contract for personal service normally can be assigned - F 6. A contract that contains a clause prohibiting its assignment will usually prevent it from
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1. What makes a publicly held corporation different from a public corporation? a. 0 A publicly held corporation has had an IPO‚ and has many private shareholders rather than being a corporation owned by a governmental entity. b. 0 A publicly held corporation is entitled to limited liability‚ but the public corporation is not. c. 0 A publicly held corporation must have a charitable purpose‚ but a public corporation need not have a charitable purpose d. 0 They are two terms that have the same meaning
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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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Question a) Step One The principle of law is that for a valid contract to be formed there must be an agreement reached by both parties. Step Two There are three main elements for the formation of a legally binding contract‚ intention‚ agreement and consideration. The requirement that requires discussion here is the existence of an agreement by the parties to enter into a legally binding contract. An agreement means a consensus on at least those essential terms needed for a workable transaction
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By use of examples‚ explain how an agreement recognized by the law of contract Law of contract is body of legal rules governing the conclusion and consequences of contract. Contract is an agreement based on consensus between legal subjects with contractual capacity. Which is legal‚ physically possible and complies with the prescribed formalities and which is reached with the intension of creating a legal obligation with resultant rights and duties? 1. Consideration It’s the price paid by
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Alternative Dispute Resolution Assignment Ludin E. Bello University of Phoenix Business Law Law 531 Julie A. Gibbons February 09‚ 2009 Alternative Dispute Resolution Assignment Alternative Dispute Resolution (ADR) clauses are established to resolve differences between two parties. ADR clauses can be formal‚ such as a written process‚ or informal‚ such as a verbal agreement between both parties. The purpose of this paper is to provide an appropriate ADR clause that can be use by any learning
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A corporation C. A general partnership D. A limited liability company Correct: The Correct Answer is: C. A general partnership is a form of business that involves two or more individuals acting as co-owners. The Uniform Partnership Act codifies law for general partnerships. 3. What criterion under the Uniform Partnership Act (UPA) must be met by a business‚ for it to qualify as a general partnership? A. The objective of the partnership should be to create profits. B. One of the owners must be
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across local‚ national and international markets‚ delivering unrivalled customer service through the commitment and inspiration of its staff. . Our agency provides a full range of professional property services including: Sale and Purchase of all types of property‚ Villas‚ Town and Village houses‚ flats and plots etc. Drafting of all types of contract pertinent to the sale or purchase of a property Assistance with papers for bank accounts‚ residency applications‚ transfer of utilities etc. Finance
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Recruitment and Selection Strategies for Law Enforcement Agencies Juan Estrada Calumet College of St. Joseph PSM 444‚ Focus Paper Chicago‚ Illinois October 16‚ 2012 Table of Contents Chapter Page I. Abstract ……………………………………………………………. 3 II. Introduction ……………………………………………………………. 4 III. Research ……………………………………………………………. 4 IV. Implementation…………………………………………………………... 12 V. Conclusion ……………………………………………………………. 15 VI. References ……………………………………………………………. 17 Abstract This paper
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One of many problems faced by law enforcement in society today is public perception of an agency’s ethical issues. These issues can stem from behavior of an individual to the practices of an agency. Regardless‚ the ethical practices of a law enforcement agency are vital in establishing trust with the citizens whom they serve‚ retention of the officers whom they employ and maintaining the ability to work with outside organizations. At the forefront of all this is human resource management. The responsibility
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