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Texas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS & ANSWERS 100% CORRECT
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording correct answersB A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void correct answersA In the business of real estate, ___________ is defined as something given in exchange for a promise. (a) Consideration
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