Discharge of Contracts Quiz Attempt #3

A new buyer of a condo, after entering into a contract with the prior seller, has how many days to cancel?:

Define novation

A minor signed a sales contract to purchase a home. How is the contract interpreted

When a contract for sale does not state consideration and provides no basis on which the consideration could be determined, the contract is considered

If a buyer is in default, what is the money called that will be compensated to the seller?

Purchasing connects which parties?

Elements of a void contract include

Which of the following statements about preprinted real estate contracts is TRUE?

A legally binding document that shows the agreed-upon terms two or more people negotiate in a real estate transaction is referred to as a ___________

Which reason would allow a contract to be able to be voided by the injured party?

What right does the landlord have when a tenant breaches a lease?

A contract would be considered voidable if children, who are not on the title, instruct their mother to accept an offer on a property. Why?

Methods of termination exclude which answer?

If there is an illegal objective in a contract, the contract is then considered:

Escrow doesn’t pay which of the following?

If a purchase agreement is not likely voidable, the circumstances would be:

These are all essential elements of a contract except:

Which of the following is the buyer NOT seeking when thinking about the following scenario? A seller accepts the buyer’s offer to purchase his property. Before closing, the seller changes his mind, and the buyer sues for specific performance.

If neither party can sue the other to force performance then the contract is ________.

What is the term for when the liability from the original contract is released after the original has been substituted by another?