Oacett edusum cet Certification Changed Ieppe Questions by Hoorain q52 vce pdf

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Exam Name:	Internationally Educated Professional Practice Exam
Exam Code:	IEPPE Dumps
Vendor:	OACETT	Certification:	CET Certification
Questions:	130 Q&A's	Shared By:	hoorain

Question 28

Which of the following are ways to discharge a contract?

Options:

Performance, agreement, or frustration

Undue influence, duress, or misrepresentation

Injunction, specifications, or liquidated damages

Injunction, mistake, or duress

Discussion

Question 29

Which one of the following statements with respect to negligent misrepresentation is correct?

Options:

Misrepresentation occurs after a contract is in place.

Misrepresentation rarely comes from the contract itself.

Misrepresentation is a false statement or conduct that induces a party to enter into a contract.

A contract that was entered into by inducement from misrepresentation is enforceable.

Discussion

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Question 30

What are the two most common equitable remedies?

Options:

Accord and satisfaction

Non est factum and quantum meruit

Specific performance and injunction

Frustration and accord

Discussion

Question 31

Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design,manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.

What form of business would the two entrepreneurs choose if they wanted the easiest and lowest-cost way to get it off the ground?

Options:

A corporation

A sole proprietorship

A partnership

A joint venture