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REE 4433 Exam 2 (Bailey) With Case Studies Version 2 Questions And Answers Latest Top Score.
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REE 4433 Exam 2 (Bailey) With Case Studies Version 2 Questions And Answers Latest Top Score.
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REE 4433 Exam 2 (Bailey) With CaseStudies Version 2 Questions And Answers
Latest Top Score.
Sam xpromises xto xbuy xAmy xa xsteak xif xshe xagrees xto xmeet xhim xfor xdinner xafter xwork.
xAmy xagrees. xSam xshows xup, xbut xAmy xdoes xnot. x- xcorrect xanswer. x x x xAmy xdoes xnot
xneed xto xshow xup, xthis xis xa xsocial xarrangements xwhich xnormally xdo xnot xcreate xthe
xexpectation/reliance xthat xcommercial xagreements xdo
Barb xwanted xto xpurchase x3 xlots xin xSan xRafael xand xbuild xhomes xon xthose xlots. xShe
xcontacted xVera, xa xRE xbroker. xVera xagreed xto xrepresent xBarb xregarding xthe xpurchase,
xin xreturn xBarb xagreed xto xbuild xa xspeculative xhome xon xeach xlot xand xwhen xplaced xon xthe
xmarket xgive xthe xlisting xto xVera. xAfter xthe xtransaction xBarb xrefused xto xbuild xthe xhomes.
xVera xsued xBarb, xhow xwill xthe xcourt xrule? x- xcorrect xanswer. x x x xBarb xhad xto xpay xVera
xcommission xon xexpected xincome xfor xwhat xthe xhouses xwould xsell xfor xplus xdamages.
Bob xmade xa xwritten xoffer xto xSam xto xpurchase xis xRE xfor x$42,500 xplus x$250 xfor xa xdinner
xbell xand xflower xpots. xOffer xwas xmailed xon x3/3, xSam xsigned xthe xagreement. xBefore xBob
xwas xnotified xof xthe xacceptance, xhe xwithdrew xthe xoffer xby xnotifying xSam's xRE xagent.
xWas xBob's xwithdrawal xan xeffective xrevocation? xDid xSam's xacceptance xprevent xBob
xfrom xwithdrawing? xWas xBob's xnotice xto xthe xagent xvalid xagainst xSam? x- xcorrect xanswer.
x x x xThe xwithdrawal xwas xeffective, xb/c xit xwas xmade xbefore xhis xknowledge xof xthe
xacceptance.
Luke xowned xa xranch xand xwanted xto xsell xit. xEd, xa xRE xbroker xlooked xfor xbuyers. xBobbi
xwas xinterested xin xpurchasing. xAfter xnegotiations, xLuke xmade xon xoffer xthat xwas
xcommunicated xby xEd xto xBobbi. xBobbi xsigned xthe xagreement xbut xattached x3 xmaterial
xamendments. xLuke xrefused xto xaccept xthe xagreement. xAfter xlearning xLuke's xrefusal,
xBobbi xtold xlook xthe xamendments xwere xremoved xand xthe xoriginal xoffer xwas xaccepted.
xLuke xrefused xto xsell xthe xproperty, xand xBobbi xsued. xWhat xdid xthe xcourt xsay? x- xcorrect
xanswer. x x x xThe xcourt xruled xthe xamendments xconstituted xas xa xrejection, xwhich
xterminated xto xoffer. xConsequently, xonly xremoving xthe xamendments xdid xnot xresult xin xan
xacceptance xand xcontract.
Jan x3. xAlan xoffers xby xmail xto xsell xLandacre xto xBob xfor x$15K/acre. x
Jan x4. xBob xmails xacceptance
,Jan x5. xAlan xmail xletter xrevoking xoffer
Jan x6. xBob xreceives xletter xof xrevocation
Jan xJ. xAlan xreceives xletter xof xacceptance
- xDoes xcontract xexist? x- xcorrect xanswer. x x x xYes, xBob xmailed xacceptance xbefore xAlan
xmailed xrevocation xletter
Barny xpromises xto xpay xYosef x$25K xfor xNeedleacre xand xYosef xpromises xto xsell
xNeedleacre xto xBarny xfor x$25K. xAll xmaterials xdetails xof xcontract xare xreduced xto xwriting. x-
xcorrect xanswer. x x x xBilateral xcontract x- xa xpromise xfor xa xpromise
Barny xpromises xto xconvey xto xNeedleacre xto xJosef xif xJosef xcares xfor xBarny's xmother xfor
xlife. x- xcorrect xanswer. x x x x Unilateral xcontract x- xa xpromise xfor xan xact
Allen xoffers xto xsell xSolid xRock xto xBen xfor x$170K. xBen xresponds xby xsaying x"I xaccept,
xprovided xthe xtitle xis xgood" xAllen xthen xchanges xhis xmind xand xtells xBen xthat xhe xdoes xnot
xaccept xhis xcounter xoffer. xBen xfiles xsuit xto xenforce xcontract x- xcorrect xanswer. x x x
xAcceptance xis xValid
Burnside xpromises xto xconvey xNeedleacre xto xLasser xif xLasser xrefrains xfrom xvaping xfor
x10 xyears. xLasser xrefrains x- xcorrect xanswer. x x x xUnilateral x- xa xpromise xfor xa xforebearance
Mason xis xin xarrears xon xher xmortgage xpayments xand xrequests xadditional xtime xfrom xthe
xmortgagee xto xpermit xher xto xpay xthe xarrearage. xThe xmortgagee xextents xthe xtime xby x90
xdays. xThere xis xno xconsideration xto xsupport xthe xpromise xto xextend. x30 xdays xafter,
xMason xmakes ximprovements xto xthe xproperty xin xreliance xon xthe xmortgagees xpromise.
xThe xmortgagee xfiles xan xaction xin xforeclosure xprior xto xthe xexpiration xof xthe x90 xdays. x-
xcorrect xanswer. x x x xEach xof xthe xingredients xof xthe xpromissory xestoppel xis xpresent, xthe
xmortgagee's xpromise xnot xto xforeclose xfor x90 xdays xis xenforceable
Bob xagreed xto xpaint xJohn's xhome xfor x$5k. xPursuant xto xthe xcontract, xwork xwas xto xbegin
xon xAugust x1. xThereafter, xBob xinformed xJohn xthat xhe xwas xgoing xout xof xbusiness xand
xasked xhim xto xfind xsomeone xelse xto xdo xthe xwork. xOn xJuly x15, xJohn xlearned xthat xBob
xwent xout xof xbusiness, xsold xall xequipment xand xdishonored xall xexisting xcontracts. xOn xJuly
x15, xthis xBob xbreach xthe xcontract? x- xcorrect xanswer. x x x xBob xbreached xcontract xand xJohn
xmay xsue xfor xdamages
Havery xentered xinto xcontract xwith xJones xwhereby xHaverty xagreed xto xbuild xand xinstall
xplumbing, xheating xand xventalation xin xJones's xbuilding xfor x$27k. xThe xtotal xcost xof xthe
xbuilding xwas x$186k, xafter xcompletion, xJones xrefused xto xpay xa xbalance xof x$10k xto
xHaverty. xJones xargued xthat xHaverty's xperformace xwas xnot xin xaccord xwith xthe xcontract.
xHaverty xsued xJones xfor xthe xbalance. x- xcorrect xanswer. x x x xThe xcourt xawarded xHaverty
x$7k x($10k-his xmistakes)
Jim xand xJerry xenter xin xto xa xRE xcontract xfor xthe xsale xof xJim's xproperty. xAfterward, xthey
xenter xinto xa xcontract xcancelling xthe xprior xRE xcontract. x- xcorrect xanswer. x x x xThe
, xintroduction xinto xevidence xof xthe xnew xcontract xdoes xnot xviolate xthe xparol xevidence xrule
xb/c xit xwas xentered xinto xafter xthe xpurchase xcontract.
Susan xcontracted xto xsell x"all xmy xlands xlying xon xMiami xRiver xin xthe xState xof xOhio...in xmy
xname" xShould xthe xactual xquantity xbe xsomewhat xgreater xthan xthe xacreage xmentioned,
xwould xthe xsale xinclude xthe xexcess xof xthe xquantity xstated xin xthe xcontract? x- xcorrect
xanswer. x x x xParol xevident xis xadmissible xto xclarify xspecific xlands. xHowever, xparol
xevidence xwill xnot xbe xadmited xto xreform xa xdescription xto xinclude xlands xnot xspecifically
xreferred xto xby xthe xdescription.
December x13, x1950, xreceived xby xPat, x$10 xas xbinder xon x20 xacres xof xland xand xtimber;
xprice xto xbe x$200 xfor xland xand xtimber. xDeed xto xbe xmade xlater. x- xcorrect xanswer. x x x xParol
xevidence xwill xnot xbe xadmitted xin xthis xcase xb/c xthe xdescription xdoes xnot xallude xto xa
xdefinite xparcel xof xproperty
Pete xowns xa xhome xin xTulsa, xand xis xinterested xi xselling xthe xhome xand xmoving xto xSeattle.
xPete xenters xinto xa xvalid xpurchase xcontract xwith xSam, xwhere xPete xis xto xbuy xSams's
xresidence xfor xa xstated xsum. xAfter xsigning xthe xcontract xPete xis xnot xable xto xsell xhis
xresidence xin xTulsa xand xis xunable xto xcome xup xwith xthe xfunds xnecessary xto xclose xon xthe
xSeattle xproperty. xDoes xPete xhave xto xbuy xthe xhome.? x- xcorrect xanswer. x x x xPete xis
xobligated xto xbuy x- xunless xthere xwas xa xcontingency xclause xstating xPete xneeded xto xsell
xhis xprevious xhome
Brenda xenters xinto xa xcontract xto xbuy xHedgecare. xA xcontingency xclause xwithin xthe
xcontract xreads x" xContingent xon xbuyer xobtaining x4.5% xloan xfor x80% xof xthe xsales xprice"
xBrenda xhad xa xchange xof xmind xand xrefused xto xobtain xfinancing. x- xcorrect xanswer. x x x
xBrenda's xrefusal xis xconsidered xa xlack xof xgood xfail xan xwould xconstitute xa xbreach xof
xcontract
Howard, xowner xof xa xtract xof xland xthat xis xfor xsale, xis xplanning xto xvisit xAustralia. xTo
xprevent xhis xabsence xfrom xthe xcountry xfrom ximpeading xthe xsale, xhe xexecutes xa xPOA,
xgiving xhis xRE xbroker xpower xto xnegotiate, xcontract, xand xsign xthe xdeed. xFrank xenters xinto
xcontract, xand xbuys xland. xHowever xHoward xwas xkilled xin xAustralia xbefore xthe xclosing
xdate. x- xcorrect xanswer. x x x xDeath xrevokes xPOA, xFrank's xtitle xis ximpaired
Warren xdesires xto xpurchase xGoldacre xand xsettles xon xa x$200k xprice. xHe xsecures xa
xconventional xloan. xHe xintends xto xmake xa x$30k xdown xpayment xand xfinance xthe xrest.
xThe xbank xinforms xWarren xclosing xcosts xwill xbe x$10k. xWarren xdoes xnot xhave xmoney xto
xpay xclosing xcosts. xThe xseller xand xWarren xagree xthat xthe xselling xprice xwill xbe xraised xto
x$210k, xand xseller xwill xpay x$10k xtoward xclosing xcost. xThe xrality xis xthat xthe xcost xof xthe
xloan xto xWarren xwill xincrease xto x$180k. xHowever, xhe xwill xbe xable xto xafford xto xpurchase
xthe xhouse xas xa xresult xof xseller xassist x- xcorrect xanswer. x x x xProvision x- xClosing, xSeller
xAssist
Case xStudy x#4 x- xRiver xBirch xAssociates, xa xdeveloper, xentered xinto xa xplan xto xdevelop xa
x144-unit xtownhome xproject xon x19.6 xacres. xBirch xagreed xto xconvey xfee xsimple xtitle xto
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