0
What else can I help you with?
What does essential and material terms refer to in legal law?
Essential terms in a legal contract are crucial terms that are necessary for the agreement to be valid and enforceable. Material terms are terms that are important to the subject matter of the contract and are essential for defining the rights and obligations of the parties involved. Both essential and material terms are key components of a legally binding contract.
What do you mean by bilateral mistake of fact and law?
a bilateral mistake of fact is when both parties that entered an agreement are in error. In such case the mistake goes to 1. a basic assumption, 2. if it has a material affect on the exchange and 3. if the affected party does not bear the risk of the mistake, which means if the risk is allocated by the contract, if the party was aware that the did not know everything, but believed they knew enough and if the risk is allocated by the court because it is reasonable.
A misrepresentation in law is?
A false statement of fact that causes an individual to enter into a contract. Must be false when statement is made. Silence, an exploitation of a fedeuciary relationship, or actively concealing the truth can also count as misrepresentation.
What is the definition of a mere puff?
Mere Puff is a statement, which by its nature, and in the context in which it is made, is not intended to have legal relation. It is used in contract law to describe the statements of a contract. When a statement is a "term" and one of the parties breach it then it is going to be legally liable to the other party. If a term is just a representation (or mere puff) the remedies are going to be different.
What if your new material may aggregate or bring together pieces of information that are not in themselves classified but when you present them together they render your new material classified. This?
Your new material may aggregate, or bring together, pieces of information that are not individually classified, but when presented together they render your new material classified. This classification concept is called _______. Revealed by Contained in Directed by Classification by Compilation
What is the definition of material in a sales contract?
Material is a general term which refers to anything provided except labor and transportation.
What do you tell a customer who wants to know what you paid for every material?
If the price of the job was agree to in a contract, you don't need to tell them anything. If it is on a time and material basis, then you have to itemize every item, if they want you to.
Which type of contract shifts the risk of cost overruns to the contractorAsk us anything?
A fixed-price contract shifts the risk of cost overruns to the contractor. In this arrangement, the contractor agrees to complete the project for a set price, regardless of any unforeseen expenses or increases in material costs. This incentivizes the contractor to manage costs effectively, as they will absorb any excess expenses beyond the agreed price.
Difference between Advance Payment Guarantee and Performance Bond?
Contract Performance Bonds - Contractors will usually be asked to provide a performance bond for up to 20% of the contract price to protect the employer.Advance Payment Bonds - In circumstances where advances are being given before work is carried out or material delivered an advance payment bond protects the party making the advance recover the funds if the work is not completed or materials are not supplied.
What is the material alteration definition and how does it apply in the context of contract law?
Material alteration refers to a significant change made to a contract that affects its terms or conditions. In contract law, a material alteration can render the contract void or unenforceable if it is made without the consent of all parties involved. This means that any changes to a contract that are considered important or substantial must be agreed upon by all parties for the contract to remain valid.
What does the molten material inside earth from which igneous rocks form?
Complicated though it may be, your question is not a complete sentence. You didn't actually ask anything.
Why is it necessary to consider the physical properties of a material?
material's performance depends on its physical properties
Define work by force account contract?
Force Account work is work performed under contract that is billed as time and material
How do you purchase homeowners insurance?
Just like with any other insurance product, there is an application that you will complete. The application and policy together become a legal and binding contract. If you do not tell the truth on the application it can be deemed as material misrepresentation and can be a reason to void the contract so it is important that you tell the truth when answering all questions on the application.
What is a material resource?
The place or the way you can get you material.
Do beans have genetic material?
anything that was once living has genetic material
What is magnetic material able to do?
A magnetic material is able to stick to anything.
