Seller remedies - Study guides, Class notes & Summaries

A contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or did not give free consent at the time the contract was made is said to be: - Answer - relatively null If a court is called upon to determine the intent of the parties to a contract based upon the language in the contract, the court will interpret the contract _____ the party that did not draft it. - Answer - in favor of Another, more common, name for a mandate or procuration...

Texas Promulgated Contract Forms (2023/2024) Already Passed use of standard contract forms when negotiating contracts binding the sale, exchange, lease, or rental of property promulgated issued by TREC for mandatory use by licence holders exceptions - licencee functioning solely as principal - agency of US Government requires a different form - prepared by principal - no other form exists and is prepared by an attorney- at - law licensed in Texas forms may be reproduced - numbered copies obta...

Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC - correct answer -c. A or b but not both What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? a. Equity of estoppel b. Right of redemption c. Right of defeasance d. Equity of disposition - correct answer -b. Right of redemption Which type ...

c - correct answer -Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC b - correct answer -What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? a. Equity of estoppel b. Right of redemption c. Right of defeasance d. Equity of disposition d - correct answer -Which type of mortgage is...

In addition to the protected classes under the Fair Housing Act, the ECOA is protective of what? correct answersPublic Assistance Age Marital Status The buyers applied for an FHA loan. The property appraisal was $5000 less than the sales price in the contract. What are the options of the parties in the contract? correct answersThe buyer may proceed with consummation of the contract without regard to the amount of the appraised valuation. The amendment to Contract form is used when the pa...

NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide Breach of Condition -Answer-Failure of landlord or tenant to perform his or her respective duties under the terms of the lease, thereby giving the other party grounds for terminating the lease agree...

Default of contract and types of damages (pg 137) correct answersLiquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by...

Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC - Answer- c. A or b but not both What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? a. Equity of estoppel b. Right of redemption c. Right of defeasance d. Equity of disposition - Answer- b. Right of redemption Which type of mortgage is k...

CPCM exam 2024 with 100% correct answers Competitive negotiation -Answer-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract -Answer-A contract for basic researc...

According to Article 36-A of the New York General Business Law, how long does a homeowner have to cancel a home improvement contract after signing it? 3 days - Homeowners have three days in which to cancel home improvement contracts covered by Article 36-A. Which of the following prohibits any licensee from soliciting in a specific area in New York state? a - Cease and desist zone A cease and desist zone is defined by the New York State DOS as an area designated in regulation to address...