1 of 103
Term Definition
What are the four essential
B
elements of a valid contract?
A) competent parties, offer and
acceptance, consideration, and
written expression
B) competent parties, offer and
acceptance, consideration, and
legality of object
C) offer and acceptance,
consideration, written
expression, and warranty
D) offer and acceptance,
competent parties,
consideration and notice
Give this one a try later!
, True False
2 of 103
Term Definition
A Joint tenant may NOT: A
A) sell his interest
B) give away his interest
C) encumber his interest
D) sell the property
Give this one a try later!
True False
Correct definition
D
3 of 103
Term Definition
A judgement becomes effective C
when:
a) THE DEBT IS INCURRED
B) the suit is delivered
,C) the verdict is rendered
D) it is recorded
Give this one a try later!
True False
Correct definition
D
4 of 103
Term Definition
A builder's warranty covers C
A) manufactured homes
B) apartment buildings
C) newly constructed homes
D) rental homes
Give this one a try later!
True False
5 of 103
Term Definition
B
, All advertisements for real
estate must specify the
A) broker's name
B) asking price
C) property's municipal location
D) listing expiration date
Give this one a try later!
True False
Correct definition
C
6 of 103
Term Definition
Options and "first refusals" D
A) are bilateral contracts
B) are interchangeable terms
C) must be written to be
enforceable
D) cannot be enforced by the
offeree
Give this one a try later!
True False
Term Definition
What are the four essential
B
elements of a valid contract?
A) competent parties, offer and
acceptance, consideration, and
written expression
B) competent parties, offer and
acceptance, consideration, and
legality of object
C) offer and acceptance,
consideration, written
expression, and warranty
D) offer and acceptance,
competent parties,
consideration and notice
Give this one a try later!
, True False
2 of 103
Term Definition
A Joint tenant may NOT: A
A) sell his interest
B) give away his interest
C) encumber his interest
D) sell the property
Give this one a try later!
True False
Correct definition
D
3 of 103
Term Definition
A judgement becomes effective C
when:
a) THE DEBT IS INCURRED
B) the suit is delivered
,C) the verdict is rendered
D) it is recorded
Give this one a try later!
True False
Correct definition
D
4 of 103
Term Definition
A builder's warranty covers C
A) manufactured homes
B) apartment buildings
C) newly constructed homes
D) rental homes
Give this one a try later!
True False
5 of 103
Term Definition
B
, All advertisements for real
estate must specify the
A) broker's name
B) asking price
C) property's municipal location
D) listing expiration date
Give this one a try later!
True False
Correct definition
C
6 of 103
Term Definition
Options and "first refusals" D
A) are bilateral contracts
B) are interchangeable terms
C) must be written to be
enforceable
D) cannot be enforced by the
offeree
Give this one a try later!
True False
