Ree 4433 exam 2 - Study guides, Class notes & Summaries

REE 4433 EXAM 2 Bailey Questions with Complete Solutions

REE 4433 Exam 2 Questions with Complete Solutions

REE 4433 EXAM 2 Questions with Complete Solutions.

REE 4433 EXAM 2 Bailey FSU (Case Studies/Test Bank) Questions with complete Solutions

REE 4433 Exam 2 (Bailey) with case studies version 2 Questions with Complete Solutions

REE 4433 Exam 2 Study Set Legal Environment of Real Estate - Bailey (FSU) Questions with complete solutions

REE 4433 Exam 2 (Bailey) Question with complete solutions

REE 4433 Exam 2 (Bailey) Questions with complete solutions

John assigned his right to receive a deed from Trudy to Hannah. Contracts assigning deeds are unenforceable. John is relieved from making payment to Trudy. Hannah will be entitled to the deed. John is an assignee. Correct Answer-Hannah will be entitled to the deed. Harry offers in writing to sell Lynn Blackacre. Lynn accepts, thinking that the offer refers to Greenacre. In fact, Harry made the offer thinking that it referred to Greenacre. Either party may rescind the contract because ...

1. A bilateral contract is one in which a. only one of the parties is obligated to act. b. the promise of one party is given in exchange for the promise of the other party. c. something is to be done by one party only. d. a restriction is placed in the contract by one party to limit the performance by the other. Correct Answer-b. the promise of one party is given in exchange for the promise of the other party. 2. Every real estate contract must have a. a grantor and a grantee. b. acknow...