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Exam (elaborations)
NC Post licensing 302 Correct 100%
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The legal remedy to enforce the terms of contract? - ANSWER Specific Performance The essential elements of a contract? - ANSWER Offer and acceptance Competency Legal consideration *Not agency disclosure What is needed for a contract? - ANSWER Offer and acceptance Consideration Competency *Not Performance The law requires real estate contracts to be in writing to be enforceable? - ANSWER Statute of Frauds To assign a contract for sale of real property? - ANSWER Transfer ones rights and responsibilities A contract created under duress is? - ANSWER
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