Law of Contracts | Real Questions and
Answers | 100% Correct - A+
In order to comply with the _______, contracts for the conveyance of an interest in real
estate or leases for a term of more than one year must be in writing.
(a) SAFE Act
(b) Statute of Frauds
(c) Statute of Limitations
(d) RESPA -✓✓B
A unilateral contract is said to lack __________.
(a) Mutuality
(b) Fairness
(c) Agreement
(d) Signatures -✓✓A
Contracts with a person who lacks mental capacity can be either void or
_____________.
(a) Implied
(b) Unilateral
(c) Voidable
(d) Express -✓✓C
All of the land in the U.S. is held under the ________system.
(a) Feudal
(b) Freedom
(c) Statutory
(d) Allodial -✓✓D
Pur autre vie is:
(a) Based on the lifespan of the life tenant
(b) A type of freehold estate
(c) Based on the life of another
(d) Both b. and c. -✓✓D
In many states, recognized statutory estates include _______.
(a) community property
(b) riparian right
(c) reservation
(d) encroachme -✓✓A
Answers | 100% Correct - A+
In order to comply with the _______, contracts for the conveyance of an interest in real
estate or leases for a term of more than one year must be in writing.
(a) SAFE Act
(b) Statute of Frauds
(c) Statute of Limitations
(d) RESPA -✓✓B
A unilateral contract is said to lack __________.
(a) Mutuality
(b) Fairness
(c) Agreement
(d) Signatures -✓✓A
Contracts with a person who lacks mental capacity can be either void or
_____________.
(a) Implied
(b) Unilateral
(c) Voidable
(d) Express -✓✓C
All of the land in the U.S. is held under the ________system.
(a) Feudal
(b) Freedom
(c) Statutory
(d) Allodial -✓✓D
Pur autre vie is:
(a) Based on the lifespan of the life tenant
(b) A type of freehold estate
(c) Based on the life of another
(d) Both b. and c. -✓✓D
In many states, recognized statutory estates include _______.
(a) community property
(b) riparian right
(c) reservation
(d) encroachme -✓✓A
