100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
California Real Estate Exam – Contracts Questions And Answers With Verified Solutions Already Passed Already Passed!!! $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. California Real Estate
  4.  
  5. California Real Estate

Exam (elaborations)

California Real Estate Exam – Contracts Questions And Answers With Verified Solutions Already Passed Already Passed!!!
 4 views  0 purchase
  • Course
  • California Real Estate
  • Institution
  • California Real Estate

California Real Estate Exam – Contracts Questions And Answers With Verified Solutions Already Passed Already Passed!!!

Preview 2 out of 7  pages

Document information

  • October 9, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • California Real Estate
  • California Real Estate

Seller

avatar-seller
classhub

Reviews received

Content preview

California Real Estate Exam – Contracts
Questions And Answers With Verified
Solutions Already Passed Already
Passed!!!
Contract - ANSWER✔✔Agreement made by competent parties to do
(performance) or not to do (forbearance) a certain act


4 Requirements of a valid contract - ANSWER✔✔1. Agreement (mutual consent
or meeting of the minds)
2. Lawful object
3. Consideration
4. Capacity


What makes a binding contract? - ANSWER✔✔OFFER AND ACCEPTANCE
AND COMMUNICATION OF THAT ACCEPTANCE


Express Contract - ANSWER✔✔Terms and intentions are put in words (oral or
written)


Implied Contract - ANSWER✔✔Agreement shown by actions rather than words


Unilateral Contract - ANSWER✔✔One party promises to perform. One-sided


Bilateral Contract - ANSWER✔✔Both parties promises to perform in exchange
for one another

, Executory Contract - ANSWER✔✔Something remains to be performed by one or
both of the parties. Incomplete


Executed Contract - ANSWER✔✔All parties have performed completely


Voidable Contract - ANSWER✔✔Valid and enforceable on its face, but may be
rejected by one or more of the parties


Void Contract - ANSWER✔✔No contract at all or has no legal effect


Unenforceable Contract - ANSWER✔✔Valid, but for some reason cannot be
proved by one or both of the parties. (Ex: buyer does not have the money)


Valid Contract - ANSWER✔✔Binding and enforceable with all the basic elements
required by law


Parol Evidence Rule - ANSWER✔✔Prohibits any outside evidence to add to terms
of a contract once it is executed.


Statute of Frauds - ANSWER✔✔All contracts must be in writing.


When is a contract allowed to be verbal and not written? - ANSWER✔✔Lease of 1
year or less. 1 year plus 1 year MUST be in writing.


Discharge of contract - ANSWER✔✔Cancellation or termination of a contract

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller classhub. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79978 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart