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Studies Have Shown That Prior History and the Organizational Policies

question 64

Multiple Choice

Studies have shown that prior history and the organizational policies are the two best predictors:


Definitions:

Constructive Condition

An implied condition in contracts that must be met for the parties' performance obligations to arise, even if not explicitly stated.

Implied-In-Law Condition

A condition in a contract created by the court to ensure fairness, which is not explicitly stated in the contract itself.

Strict Performance

The legal requirement that contractual obligations must be fulfilled exactly as agreed, with no deviations or errors.

Deliver a Deed

The act of officially transferring ownership of real property from the grantor to the grantee by handing over the deed document.

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