Post licensing 302 Study guide | Exam Questions
Solved 100% Correct | Verified Solutions
Is due diligence a bilateral or unilateral contract? - ✔✔unilateral contract
Executed contract - ✔✔all tasks performed
Executory contract - ✔✔task remaining to be done
Express contract - ✔✔intentions stated
implied contract - ✔✔inferred from conduct (actions)
DREAM OIL - ✔✔deed, restrictive covenants, easements, assignments, mortgages,
options, installment land contracts, leases (longer than 3 years), sales contracts.
counteroffer ____________ the original offer. - ✔✔voids
valid contract is formed when: (3) - ✔✔1. signed
2. initialed
3. communicated
Bilateral contract - ✔✔both parties must agree and both parties can terminate.
or - ✔✔giver
Solved 100% Correct | Verified Solutions
Is due diligence a bilateral or unilateral contract? - ✔✔unilateral contract
Executed contract - ✔✔all tasks performed
Executory contract - ✔✔task remaining to be done
Express contract - ✔✔intentions stated
implied contract - ✔✔inferred from conduct (actions)
DREAM OIL - ✔✔deed, restrictive covenants, easements, assignments, mortgages,
options, installment land contracts, leases (longer than 3 years), sales contracts.
counteroffer ____________ the original offer. - ✔✔voids
valid contract is formed when: (3) - ✔✔1. signed
2. initialed
3. communicated
Bilateral contract - ✔✔both parties must agree and both parties can terminate.
or - ✔✔giver
