Executory consideration Study guides, Class notes & Summaries
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Contract Law for Paralegals Final Exam with Complete Solutions Already Passed
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Six Elements of a Valid Contract - * Offer 
* Acceptance 
* Consideration 
* Legal 
* Capacity 
* Intent 
All contracts are either - Bilateral or unilateral 
Bilateral contract - a promise for a promise 
Unilateral contract is: - a promise for an act 
Express contract is: - K where mutual assent of parties is verbal or written 
Implied contract - K established based on conduct of parties 
Quasi contract - No K, but courts act as matter of equity to prevent injustice 
formal contract - K written/...
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2024 Texas Promulgated Contracts-CHAMPIONS study questions with verified answers already passed!!
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording - answer B;A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void - answer A;In the business of re...
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Texas Promulgated Contracts CHAMPIONS Exam |QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024
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Texas Promulgated Contracts CHAMPIONS Exam |QUESTIONS AND 
ANSWERS | ALREADY PASSED | 
VERIFIED & UPDATED | 2024 
The elements of a valid contract are, competent parties, 
consideration, legal subject matter, in writing, and . 
(a) Default 
(b) Mutual consent 
(c) Property condition 
(d) Recording 
B 
A(n) contract is defined as a contract that 
is binding on the parties, with one or more of the parties 
having contractual duties that have not yet been performed. 
(a) Executory 
(b) Executed 
(c...
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Massachusetts Real Estate Exam 2 Questions with Correct Answers
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Massachusetts Real Estate Exam 2 Questions with Correct Answers 
Brokers Authority to prepare documents - Answer-Fill in blanks...do not fill in Legal language 
 
Expressed vs. Implied Contracts - Answer-Expressed (sellers signing a marketing contract) Implied ( if you bring me a buyer I will pay you 3%) Another example; If you cash a rent check while tenant in sufferage you are implying that you have a lease 
 
Executory and Executed Contracts - Answer-Executory (something still remains to be ...
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TEXAS PROMULGATED CONTRACTS-CHAMPIONS EXAM
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Texas Promulgated Contracts-CHAMPIONS STUDY . The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of real estate,...
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REAL ESTATE LICENSE EXAM STUDY QUESTIONS AND ANSWERS GRADED A 2024
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UNIT 11 - CONTRACTS 
12% 
 
Which group of legal instruments may legally be prepared by a licensed real estate broker? 
 
a. listing contracts, buyer brokerage agreements, commercial leases, and deeds 
b. leases, option contracts, promissory notes, and buyer brokerage agreements 
c. listing agreements, buyer brokerage agreements, sale contracts, and option contracts 
d. mortgages, promissory notes, commercial leases, and option contracts - c. listing agreements, buyer brokerage agreements, sale ...
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Promulgated Forms - Champions School Exam Questions and Answers 100% Correct
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Promulgated Forms - Champions School Exam Questions and Answers 100% Correct 
 
Promulgated Forms - Champions School Exam Questions and Answers 100% Correct 
 
Promulgated Forms - Champions School Exam Questions and Answers 100% Correct 
 
Competent Parties 
Offer and acceptance ( mutual consent) 
Legal Purpose 
In writing (when required by law) 
Consideration - ANSWER-Elements of a contract to be valid 
 
contract binding parties with one or more duties - ANSWER-executory contract 
 
both parti...
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Colorado Real Estate Exam Questions And Answers
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Colorado Real Estate Exam Questions And Answers 
every valid contract must meet all of the following requirements except 
earnest money 
 
 
to have a valid contract four elements are needed 
1) competent parties 
2) mutual consent 
3) legal consideration 
4) legal object 
 
 
mutual consent 
the offer and acceptance of the offer 
 
 
legal consideration 
promises, something of value, an act, giving up the right to act, etc, 
 
 
legal object 
the parties are agreeing to do something that is leg...
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Mortuary Jurisprudence Final Exam Test Questions With Revised Correct Answers
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Mortuary Jurisprudence Final 
Exam Test Questions With Revised 
Correct Answers 
Forebearance - ANSWER : Refraining from doing something you 
have a lawful right to do 
6 elements of an enforceable contract - ANSWER : 1. 
Agreement 
2. Assent 
3. Consideration 
4. Lawful Purpose 
5. Competent Parties 
6. Form required by law 
Requirements of an offer - ANSWER : 1. Contractual intention 
2. Definite 
3. Communicated to offeree 
Termination of offer - ANSWER : 1. Counter offer* 
2. Rejection by...
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Texas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS AND ANSWERS 100% ACCURATE.
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording - ANSWER-B 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(d) Void - ANSWER-A 
 
In the business o...
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