LAW OF CONTRACTS COMPLETE QUESTIONS AND ANSWERS FULL SOLUTION MANUAL 2026

LAW OF CONTRACTS COMPLETE
QUESTIONS AND ANSWERS FULL
SOLUTION MANUAL 2026

• In order to comply with the _______, contracts for the conveyance of
an interest in real estate or leases for a term of more than one year must
be in writing.
(a) SAFE Act
(b) Statute of Frauds
(c) Statute of Limitations
(d) RESPA . Answer: B


• A unilateral contract is said to lack __________.
(a) Mutuality
(b) Fairness
(c) Agreement
(d) Signatures . Answer: A


• Contracts with a person who lacks mental capacity can be either void
or _____________.


(a) Implied
(b) Unilateral

, (c) Voidable
(d) Express . Answer: C


• All of the land in the U.S. is held under the ________system.
(a) Feudal
(b) Freedom
(c) Statutory
(d) Allodial . Answer: D


• Pur autre vie is:
(a) Based on the lifespan of the life tenant
(b) A type of freehold estate
(c) Based on the life of another
(d) Both b. and c. . Answer: D


• In many states, recognized statutory estates include _______.
(a) community property
(b) riparian right
(c) reservation
(d) encroachme . Answer: A


• Only a _______ may earn a commission and only a _______ may sue
to collect a commission.