L3M3 Exam Dumps : Contract Administration

Explanation

English law, with Scots and European law being different.

In many Commonwealth countries, the legal system used is based on historic English law, thus many lawyers around the world are familiar with many of the fundamental concepts of English law, including the law of contract.

Contracts should state which legal system applies.

Explanation

Title. In order to be sure you own something, you have to make sure you have acquired 'good title'.

Explanation

This is true. Profit is what is left over after you've covered all your costs. In simple terms.