Post Licensing 302: Contracts and
Closing
An electronic record or signature is sent when - it is properly addressed, in a format that can be
processed, under the recipient's control, and outside of the sender's control.
Unfair or deceptive trade practices include all of the following EXCEPT - failure to disclose
immaterial facts.
A mistake of fact is a mutual mistake involving - a material fact that is not the result of fraud or
negligence.
Form 340-T includes all of the following responses EXCEPT - rejection of the offer with a
counteroffer.
An offer is terminated in all of the following ways EXCEPT - the offeree learns the gender or
race of the offeror and rejects the offer.
When acting as a dual agent, if the seller informs the agent that he has accepted an offer, the
offer is - considered already communicated.
The definition of an "electronic record" includes all of the following aspects EXCEPT - stored in
a hard copy.
Which of the following statements regarding the Electronic Signature in Global and National
Commerce Act (E-Sign Act) and Uniform Electronic Transactions Act (UETA) is TRUE? - The
E-Sign Act utilizes digital signature.
A transaction involving a natural person, personal household, or for familial purposes describes
a - consumer transaction.
The North Carolina Offer To Purchase and Contract requires _______ to assign rights under the
agreement. - permission and consent from both parties
Which of the following is NOT a remedy for breach of a contract? - overlooking
Which of the following regarding mutual mistakes is FALSE? - applies to mistakes of law
Which of the following regarding assignments is TRUE? - assignee is primarily liable and the
assignor is secondarily liable
Closing
An electronic record or signature is sent when - it is properly addressed, in a format that can be
processed, under the recipient's control, and outside of the sender's control.
Unfair or deceptive trade practices include all of the following EXCEPT - failure to disclose
immaterial facts.
A mistake of fact is a mutual mistake involving - a material fact that is not the result of fraud or
negligence.
Form 340-T includes all of the following responses EXCEPT - rejection of the offer with a
counteroffer.
An offer is terminated in all of the following ways EXCEPT - the offeree learns the gender or
race of the offeror and rejects the offer.
When acting as a dual agent, if the seller informs the agent that he has accepted an offer, the
offer is - considered already communicated.
The definition of an "electronic record" includes all of the following aspects EXCEPT - stored in
a hard copy.
Which of the following statements regarding the Electronic Signature in Global and National
Commerce Act (E-Sign Act) and Uniform Electronic Transactions Act (UETA) is TRUE? - The
E-Sign Act utilizes digital signature.
A transaction involving a natural person, personal household, or for familial purposes describes
a - consumer transaction.
The North Carolina Offer To Purchase and Contract requires _______ to assign rights under the
agreement. - permission and consent from both parties
Which of the following is NOT a remedy for breach of a contract? - overlooking
Which of the following regarding mutual mistakes is FALSE? - applies to mistakes of law
Which of the following regarding assignments is TRUE? - assignee is primarily liable and the
assignor is secondarily liable
