Contracts - Review Exam (Bob Brooks) With complete solutions 2024

Contracts - Review Exam (Bob Brooks) With complete solutions 2024 A valid contract which CANNOT be enforced by legal action is: a. Voidable b. Unenforceable c. A novation d. Under duress - answerb. Unenforceable An option on real estate is: a. A deposit b. A consideration c. A contract d. An endorsement - answerc. A contract A person given the right to sign or execute a contract on behalf of another is: a. Administrator b. Executor c. Escrow agent d. Attorney-in-Fact - answerd. Attorney-in-Fact A buyer makes an offer to purchase on a standard purchase agreement. This is binding when: a. Seller signs b. Seller signs and notifies buyer of that fact. c. Agent initials for seller. d. When it is delivered and accepted. - answerb. Seller signs and notifies buyer of that fact. The amount and type of deposit required i