Discharge of Contracts Quiz Attempt #4

What happens to a contract with novation?

A minor signed a sales contract to purchase a home. which of these describes how the contract is interpretted

A real estate contract which does not state or provide basis for consideration, the contract is considered

Liquidated damages:

Purchasing binds…

Elements of a void contract do not include

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

When a licensee uses a preprinted real estate contract

The agreed-upon terms two or more people negotiate in a real estate transaction in a legally binding document that is called what?

A contract would be able to be voided by the injured party for which of the following reasons?

When a tenant breaches a lease, what is the right of the landlord?

A mother is instructed by her children, who are not on the title, to accept an offer on her property. This contract would be considered voidable why?

Some of the following are methods of termination. Which is not?

Any contract that has an illegal objective is considered what?

Of the following, escrow does not pay ____.

The circumstances that a purchase agreement would not likely be voidable are:

Essential elements of a contract include:

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. When thinking about this situation which of the following is the buyer NOT seeking?

Which of the following is the term for a contract that neither party can sue the other to force performance?

A _________ is the term for when the liability of the original contract has been released after the substitution of the original contract.