Wra chapter 13 - Study guides, Class notes & Summaries

WRA Chapter 13 Vocabulary Questions & answers with Complete solutions | Latest edition

WRA Chapter 13 Vocabulary Questions and Answers Latest Updated 2024

WRA Chapter 13 Vocabulary With complete solution

Because the forms were drafted by an attorney and the drafter's name is on the form. - Licensees are permitted to use forms drafted by the WRA: Licensees may use approved forms when acting as an agent or principal in a transaction. - Which of the following is true of a licensee's use of approved forms? The diamond is valuable consideration. - Which of the following is true of an offer accompanied by a diamond worth $2,000? A meeting of the minds - What do parties achieve w...

WRA Chapter 13 terms Contract Law With complete solution

WRA Chapter 10 Latest Update with Verified Answers Delivery A component of binding acceptance. Unenforceable Contract A contract whereby neither party can sue the other for performance. Equitable Title The right to obtain absolute ownership of a property when legal title is held in another's name. Offer to Purchase A promise made to purchase a seller's property under certain terms. Guaranteed Sale An agreement between a firm and a seller where the firm will purchase the seller's property ...

WRA Chapter 13 Vocabulary.

Bilateral contract - CORRECT ANSWER-A contract which binds to parties. Two promises are given, one in exchange for another. Breach - CORRECT ANSWER-A failure to perform as promised in a contract. Competent parties - CORRECT ANSWER-To be considered a competent party, it is required that all persons involved in a valid contract be of legal age and sound mind. Consideration - CORRECT ANSWER-One of the elements necessary to form a valid contract. It may take the form of good or valuable Cont...

WRA_ Chapter 13 terms_ Contract Law Questions & answers with Complete solutions | Latest edition

Bilateral contract - A contract which binds to parties. Two promises are given, one in exchange for another. Breach - A failure to perform as promised in a contract. Competent parties - To be considered a competent party, it is required that all persons involved in a valid contract be of legal age and sound mind. Consideration - One of the elements necessary to form a valid contract. It may take the form of good or valuable Contingency - A provision in a contract that ...