Exam (elaborations)
PSI Real Estate Agent EXAM PREP QUESTIONS AND ANSWERS 100% PASS
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The transfer of rights and duties, but not liabilities, from one contract to another contract or from one person to another person is an: assignment When the buyer is in default and the seller keeps the earnest money, the contract MOST likely provided for: liquidated damages. Earnest money is not consideration; it is the seller's remedy in a liquidated damages contract if the buyer defaults. A contract that has NOT yet been fully performed is executory. The phase from offer to a closed and executed/closed contract is called the executory period. Voidable contracts are binding on one party and not the other. An unenforceable contract is also void due to lack of an essential element.
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Institution
Real Estate Agent
Course
Real Estate Agent
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Written for
- Institution
- Real Estate Agent
- Course
- Real Estate Agent
Document information
- Uploaded on
- October 18, 2023
- Number of pages
- 51
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- psi real estate agent
- real estate agent exam
-
psi real estate agent exam prep questions
-
real estate agent test questions and answers
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