Promulgated forms quiz Study guides, Class notes & Summaries

The title company decides the amount of earnest money required in a real estate contract. - The statement is FALSE. The buyer and the seller agree to the amount of earnest money in a contract. If a contract does NOT meet the six elements of a valid real estate contract, it may become unenforceable. - The statement is FALSE. Agreements that do not meet the requirements are void. Using an out-of-date version of a TREC form could be considered the unauthorized practice of law. - The ...

Promulgated Forms Quiz Bank 2023 with complete solution

Promulgated Forms Quizes and answers rated A+ 2023The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are legal purpose, competent parties, mutual assent, consideration, and _____. a. Signature of witnesses b. In writing c. Acknowledgment by a notary d. Recording in the county clerk's office In writing If a contract has been entered into with a person who has been judged to be incompetent, that contract is considered...

Champions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete Solutions The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, considerat...

Texas Promulgated Contract Forms: Quiz |80 Questions with 100% Correct Answers | Updated and Verified

Promulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete SolutionsPromulgated Forms - Champions 2024 Practice Quiz with Complete Solutions Void Contract - ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract -...

Champions Promulgated Contract Forms 2024 Practice Quiz and answers graded A+

Texas Promulgated Contract Forms Quiz

Promulgated Forms - Champions 2024 Practice Quiz with Complete Solutions(Rated A+). Void Contract - ANSWER-Invalid from the beginning and voidable contract is one that can't be enforced against one or more parties (minors are voidable at the option of the minor). Example of Void Contract - ANSWER-A contract between two parties to commit an illegal act is a void contract. Elements of a Valid Contract - ANSWER-COLIC Competent Parties Offer and Acceptance (mutual consent) Legal Purpose...

Champions Promulgated Contract Forms 2018 Practice Quiz 2024 QUESTIONS AND ANSWERS GOOD SCORE IS GUARANTEED GRADE A+