Hanna intends to give her granddaughter, Melodee, her antique hat pin. This heirloom has been kept under lock and key in the wall vault in the library of Hanna's house in Virginia. The hat pin is currently the only item in the vault. When Hanna is visiting Melodee in Connecticut, Hanna gives Melodee the only key to the vault. Melodee is grateful for the present and excitedly accepts. In this
situation has there been a completed gift?
A) No. There has been no physical delivery of the hat pin.
B) Yes. There has been physical delivery of the hat pin.
C) No. There has only been constructive delivery of the hat pin.
D) Yes. There has been constructive delivery of the hat pin.
D
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A(n) ________ is an interest in real property that provides the public a temporary right to enter a business for the purpose of purchasing goods or services
A) license B) leasehold C) conditional estate D) easement
In establishing the project’s baseline, the time-phased budget ______.
a. allows us to identify the correct sequencing of tasks b. enables the project team to determine the points in the project when actual costs are likely to exceed budgeted costs c. identifies the individual work packages and tasks necessary to complete the project d. provides the managerial responsibilities for tasks in a project
A breach of a condition is also referred to as
A) a breach of warranty B) a minor breach of contract C) a major breach of contract D) an anticipatory breach E) a fundamental breach
A seller has breached his contract by providing unfit seed, which breach was undetectable until the bean crop was to be harvested. Remedies would include:
A) damages for the lost profits from a contract to sell the bean crop. B) liquidated damages set by the court to cover such a situation. C) specific performance of the contract. D) All of these.