Aceable Agent - Promulgated Contracts
VOID - Answer- A contract that has no legal effect. VOIDABLE - Answer- When one or more of the parties has the authority to rescind the contract. It appears to be valid, but one party may disaffirm because they are a minor, were subject to duress, or a victim of fraud or misrepresentation. STATUTE OF FRAUDS - Answer- A law that requires real estate contracts be in writing is the ______________________? PAROLE EVIDENCE RULE - Answer- Prevents a party to a written contract from presenting additional evidence that adds to the written terms of the contract. VOID - Answer- If 2 people have a legal contract for one party to sell illegal drugs to the other party, this contract would be _______________? EARNEST MONEY - Answer- Paragraph 5 in a sales contract? OPTION MONEY - Answer- Paragraph 23 in a sales contract? DOCTRINE OF LACHES - Answer- Legal loss of a right with the thought that "if you don't use it, you lose it." EFFECTIVE DATE - Answer- A written contract has been accepted, signed, and communicated to the other party. PAROLE EVIDENCE RULE - Answer- Prevents a party to a written contract from presenting additional evidence that adds to the written PAROLE EVIDENCE RULE - Answer- Prevents a party LICENSE ACT - Answer- If a licensed agent uses an old promulgated TREC form, what is this in violation of? PARAGRAPH 2D EXCLUSIONS - Answer- If a seller does not want to leave a chandelier where should they put this information in the 1-4 Family Residential Contract? NON-REALTY ITEMS ADDENDUM - Answer- What addendum can you attach to the s
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- December 20, 2023
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void
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aceable agent promulgated contracts
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a law that requires real estate contracts be in wr
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if 2 people have a legal contract for one party to