in which of the following would the price of a possible contract not be included? course hero

When is a fixed price contract typically sought from the customer?

15. A fixed-price contract is typically sought by the project manager from the customer's organization when: A. The risk and consequences associated with the contracted task are large and the customer wishes to transfer the risk. B. The project manager's company is proficient at dealing with the contracted activities C.

What does a contract for the sale of real property not include?

To be enforceable a contract for the sale of real property does not need to include which of the following? 1. An agreement including a sufficient description of the property, in writing, and the accepted price by all parties.

What are the conditions of a contract?

1. Conditions are mutually agreed upon. 2. One person dictates the conditions within a contract 2. One person dictates the conditions within a contract 1. A contract in which a buyer promises to perform some obligations. 2. A contract in which both parties promise to perform some obligations 2.

What is a contract?

Any legal thing of value exchanged for the promises made in a contract. 2. The monetary value exchanged for the promises made in a contract. 1. Any legal thing of value exchanged for the promises made in a contract. 1. Competent parties are of legal age and have the legal right to sign a contract. 2.

What is the meaning of "contract"?

1. A contract in which one party makes an obligation to perform without receiving an express promise of performance from the other party. Consideration. 1. Any legal thing of value exchanged for the promises made in a contract. 2. The monetary value exchanged for the promises made in a contract. 1.

What is a contract that is neither written nor oral?

Unilateral Contract. 1. A contract in which one party makes an obligation to perform without receiving an express promise of performance from the other party.

What is a contract that is only binding to the party not able to rescind?

1. A contract which appears valid and enforceable on its face value, but is subject to recession by one of the parties. "An agreement between competent parties upon legal consideration creating legally enforceable duties and obligations" is a definition of.

What is a signature in a real estate contract?

1. Signatures of all parties, including the representing brokers to the contract, competent parties, and an accurate description of the property. 2. Signatures of all parties to the contract, competent parties, and an accurate description of the property.

What is implied contract?

2. A contract in which the process has been completed or executed. 1. A contract in the process but not completed. Implied Contract. 1. A contract that has been verbally agreed upon and by the behavior and actions of the parties have entered into a contract.

What is a unilateral contract?

1. A unilateral contract to keep an offer open for a specified period of time. 2. A bilateral contract putting obligations upon both the buyer and seller. 1. A unilateral contract to keep an offer open for a specified period of time. A contract created by actions rather than oral or written words is called.