Unit 11 Quiz Attempt #4

The following is true of contracts except that they should what?

Which of the following has the potential to become void through one of the parties in the contract?

Which of the following is where both parties promise to give up something, when a promise is exchanged for a promise?

The following would be considered valuable consideration in a contract except?

Moe agreed to sell his house to James. They have each signed a contract of sale which calls for settlement within 25 days. During this 25-day period, the contract of sale is an: I. executory contract II. expressed contract

Jane wrote a letter to Jacky in which he offered to sell Jacky her home for $200,000. Under the terms of this offer: I. Jane is the offeror, II. Jacky is the offeree

List of valid oral contracts include?

Fraud is an act to deceive someone in order to get them to give up something of value. It results from intentionally giving false information and/or withholding relevant information.

___ is the percentage that is paid to someone who signs a property management agreement with Barron Properties.

A property manger must keep which record

In regards to the sale of a 20-unit building by an owner, which statement is true?

After a deposit is given by a buyer with a 10 day acceptance clause, the buyer withdraws their offer on the 5th day and wants their money back. This means:

A _______ can be an oral or written agreement that is binding in the court of law

___ is the only true statement regarding listing contracts.

When a contract is changed for another and the liability is released, the release is known as…