Study guide for 302 Post licensing test with correct answers
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Course
NC Post-Licensing
Institution
NC Post-Licensing
Study guide for 302 Post licensing test
with correct answers
offer - Answer️️ -When the prospective buyer signs the completed form
and its is delivered to seller
enforced contract - Answer️️ -a promise or a set of promises which the
law will enforce
consideration - Answer️️ -mutua...
Study guide for 302 Post licensing test
with correct answers
offer - Answer✔️✔️-When the prospective buyer signs the completed form
and its is delivered to seller
enforced contract - Answer✔️✔️-a promise or a set of promises which the
law will enforce
consideration - Answer✔️✔️-mutual exchange of promises
capacity - Answer✔️✔️-lack of legal mental capacity
4 things essential elements of a contract - Answer✔️✔️-1. C onsideration
2. L egal Act
3. A gree mutually
4. P arties competent CLAP
void vs voidable - Answer✔️✔️-void, a contract that lacks an element or
never existed
voidable, a contract that one party has the right to void usually based on a
lack of capacity.
Is due diligence a bilateral or unilateral contract? - Answer✔️✔️-unilateral
contract
Executed contract - Answer✔️✔️-all tasks performed
1
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