Study guide for 302 Post licensing test Correct 100%
offer - ANSWER When the prospective buyer signs the completed form and its is delivered to seller enforced contract - ANSWER a promise or a set of promises which the law will enforce consideration - ANSWER mutual exchange of promises capacity - ANSWER lack of legal mental capacity 4 things essential elements of a contract - ANSWER 1. C onsideration 2. L egal Act 3. A gree mutually 4. P arties competent CLAP void vs voidable - ANSWER void, a contract that lacks an element or never existed voidable, a contract that one party has the right to void usually based on a lack of capacity. Is due diligence a bilateral or unilateral contract? - ANSWER unilateral contract Executed contract - ANSWER all tasks performed Executory contract - ANSWER task remaining to be done Express contract - ANSWER intentions stated
Información del documento
- Subido en
- 25 de febrero de 2024
- Número de páginas
- 3
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
