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REE 4433 Exam 2 (Bailey) Questions And Answers 100% Guaranteed Success.
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REE 4433 Exam 2 (Bailey) Questions And Answers 100% Guaranteed Success.
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REE 4433 Exam 2 (Bailey) Questions AndAnswers 100% Guaranteed Success.
(CH10) pA pperson pwho pis padjudicated pinsane p- pcorrect panswer. p p p phas pno pcapacity pto
penter pinto pa pcontract.
(CH10) pHarry poffers pin pwriting pto psell pLynn pBlackacre. pLynn paccepts, pthinking pthat pthe
poffer prefers pto pGreenacre. pIn pfact, pHarry pmade pthe poffer pthinking pthat pit preferred pto
pGreenacre. pEither pparty pmay prescind pthe pcontract pbecause p- pcorrect panswer. p p p pboth
pparties phad pa pmistaken pbelief pabout pa pmaterial pmatter pin pthe pcontract.
(CH10) pPamela pcontracts pwith pBronwyn pto pbuild pa phouse. pPamela pspecifies pin pthe
pcontract pthat pthe phouse pis pto phave pa pfireplace. pBronwyn pcompletes pthe phouse pwithout
pa pfireplace. pPamela prefuses pto ppay pBronwyn. pIn pcourt, p- pcorrect panswer. p p p pPamela pwill
plose pbecause pBronwyn psubstantially pperformed pand pPamela pwill phave pto ppay pBronwyn
pthe pcontract pprice pless pthe pcost pof pthe pfireplace.
(CH10) pConsideration pis pa pnecessary pelement pof pa pcontract pexcept pwhen p- pcorrect
panswer. p p p pthe pdoctrine pof ppromissory pestoppel pis papplicable.
(CH10) pOn pJuly p1, pThomas psent pan poffer pby pmail pto psell pPanacre pto pMariah pfor
p$170,000. pMariah preceived pthe poffer pand pdeposited pthe pletter pof pacceptance pin pthe pmail
pon pJuly p3. pLater pthat pday, pThomas pcalled pMariah pand psaid, p"I prevoke pmy poffer." p-
pcorrect panswer. p p p pThere pwas pa pcontract pformed pon pJuly p3.
(CH10) pMr. pJones pagreed pto ppurchase pWax pCity, pan pauto pdetailing pservice, pfrom pMr.
pAnderson pwith pa pcontract pthat pwas psigned pon pApril p20, pwith pclosing pset pfor pSeptember
p10. pDuring pthe psummer, psales pin pWax pCity pto pplummeted, pthe pmarket pvalue pof pWax
pCity pdropped pand pJones pdefaulted pon pthe psales pcontract. pWill pdamages pbe pdue pto
pAnderson? p- pcorrect panswer. p p p pYes, pAnderson pis pentitled pto pJones's pearnest pmoney
pand pthe pdifference pbetween pthe ppurchase pprice pand pthe pmarket pprice.
(CH10) pAn poffer pis pterminated pwhen p- pcorrect panswer. p p p pthe pofferee pmakes pa
pcounteroffer.
, (CH10) pBuilders, pInc. pcontracted pwith pAllison pto pbuild pher phome pfor p$200,000 pin paccord
pwith pspecifications pstated pin pthe pcontract. pAfter pBuilders pstarted pconstruction, pthe pprice
pof pparticular pmasonry pblock prequired pin pthe pcontract pand pimported pfrom pa pforeign
pcountry pskyrocketed pdue pto pan punforeseeable pshortage pcaused pby pcivil pwar. pAs pa
presult, pit pwould pcost pBuilders p$200,000 pjust pto pobtain pthe pblock. pWhich pof pthe pfollowing
pis pBuilder's pbest pargument pto pexcuse pit pfrom pperformance? p- pcorrect panswer. p p p
pCommercial pimpracticality
(CH10) pJohn passigned phis pright pto preceive pa pdeed pfrom pTrudy pto pHannah. p- pcorrect
panswer. p p p pHannah pwill pbe pentitled pto pthe pdeed.
(CH10) pWhere pan poffer pto pcontract pis pmade pby pmail, pacceptance ptakes pplace pat pthe
ptime p- pcorrect panswer. p p p pthe pofferee pdeposits pthe pacceptance pin pthe pmail
(CH11) pSome pstates pprevent pa preal pestate pbroker pfrom pdrafting pa ppurchase pcontract
pbecause pit p- pcorrect panswer. p p p pconstitutes pthe ppractice pof plaw.
(CH11) pUnder pthe pseller passist pprogram p- pcorrect panswer. p p p pin pa pconventional ploan pthe
pseller pis plimited pto ppaying p3% pof pthe pbuyer's pclosing pcosts
(CH11) pMills pwas pold. pHe pcontacted pthe pHandbergs pand porally pagreed pto pwill phis pfarm
pto pthem pif pthey pmoved pin pwith phim pand ptook pcare pof phim pand pthe pfarm. pThey pdid. pThe
pHandbergs pare p- pcorrect panswer. p p p pentitled pto pthe pproperty pbecause pof pthe ppart
pperformance pdoctrine.
(CH11) pWhich pof pthe pfollowing pcontingencies pbenefits pthe pseller? p- pcorrect panswer. p p p
pSeller's ppurchase pof pa phome.
(CH11) pIf pthe pparties pto pa pcontract pagree pwithin pthe pcontract pthat ptime pis pof pthe
pessence, p- pcorrect panswer. p p p pa pday's pdelay pon pthe ppart pof pa pparty pwould pbe pdeemed pa
pbreach pof pcontract.
(CH11) pSome pcourts ptake pthe pposition pthat ppart pperformance pis psatisfied pif pthe
ppurchaser p- pcorrect panswer. p p p ptakes ppossession pof pthe pproperty ppursuant pto pan poral
pcontract.
(CH11) pWhen pa pgeneral pwarranty pdeed pis pused pin pa preal pestate ptransaction, pthe pseller
pwarrants pthat pthe pproperty pis pfree pand pclear pof pencumbrances pthrough p- pcorrect
panswer. p p p ppersonal pwarranty.
(CH11) pThe pwriting pthat pcontains pessential pterms pin psatisfaction pof pthe pstatute pof pfrauds
pis preferred pto pas pthe p- pcorrect panswer. p p p pmemorandum.
(CH11) pThe pparol pevidence prule p- pcorrect panswer. p p p pdoes pnot pexclude pthe pintroduction
pof pevidence pof pa psubsequent pagreement pthat palters pthe pprevious pwriting.
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