WITH CORRECT VERIFIED ANSWERS.
LATEST 2026-2027. GRADED A
Briefly describe the appeals process (4 steps) for membership certification -
ANSAppeal must be filed in writing within 30 days with the appropriate fee.
The appeal must be heard by the IETO within 90 days
Briefly describe the tendering process - ANSWhen a public sector
organization advertises their request, allowing contractors to bid on the
work
Define: A discovery - ANSA pre-trial session in which the claim against the
defendant is clarified and both parties share the evidence they will use in
court
Define: Absolute discharge - ANSThe offender does not get a criminal
record
Define: Actual authority - ANSExists when a partner is acting directly
related to the business of the partnership. For example, if a partner were to
buy new vacuum cleaner for a house cleaning business, this would be
actual authority
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,Define: Administrative law - ANSSet of detailed regulations with which
larger laws are implemented
Define: Aesthetics - ANSThe study of beauty and judgement
Define: Alteration - ANSIf a written contract is materially altered by one
party without the approval of the other, the contract can be discharged
Define: Apparent authority - ANSWhen the other party to the contract had
no reason to believe the partner did not have actual authority
Define: Appeal - ANSThe second set of proceedings for a case
Define: Assault - ANSThreatening to hurt someone
Define: Associate member - ANSAn applicant who is training to write exam
Define: Battery - ANSPhysically hurting someone
Define: Bilateral contract - ANSWhen both parties promise something
before work takes place
Define: Burden of proof - ANSIt is up to the plaintiff to prove the defendant
is liable
Define: Caveat emptor - ANSLatin term for "let the buyer beware"
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,Define: Certified member - ANSCertified and registered member
Define: Civil law - ANSLaw concerned with the private relations between
members of a community
Define: closely held corporation - ANSFew shareholders
Define: Common law - ANSPrecedents used to determine the outcome of a
decision
Define: Common share - ANSEntitle the shareholders to what is left after
dividends have been paid out
Define: Concurrent tortfeasors - ANSParties who unknowingly act together
in the actions that result in injury to the plaintiff
Define: Condition precedent - ANSA condition which the parties agree must
be satisfied before the contract takes place
Define: Condition subsequent - ANSA condition in a contract that causes
the contract to become invalid if a certain event occurs
Define: Conditional discharge - ANSThe offender does not get a criminal
record as long as they don't violate a set of restrictions made to them
Define: Conditions - ANSVery important terms in a contract
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, Define: Conflict problem - ANSTwo principles apply to a situation but
suggest opposing actions
Define: Consensus ad idem - ANSLatin term meaning "both parties have
come to an agreement of the terms"
Define: Consideration - ANSThe price each party has to pay according to
the contract
Define: Constitution - ANSA set of rules that guide how a state is run
Define: Contract - ANSAn enforceable mutual agreement between 2 or
more parties to perform some lawful act
Define: Contract law - ANSGoverns how a contract is acted upon and
fulfilled
Define: Contract of guarantee - ANSWhen a person takes out a loan from a
financial institution which requires a guarantor (someone who would pay
the loan if you no longer could)
Define: Contract of indemnity - ANSOne party agrees to pay for the
potential damages caused by another party
Define: Contractual liability - ANSArises out of the agreements signed on
behalf of the partnership
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