Ch. 11 - Gold Coast Real Estate Course
Exam | Questions with 100% Correct
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2026/2027
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Terms in this set (49)
What is a Parol Contract? an oral contract
All of the following are d. Written under seal
necessary elements for a
contract to be valid, EXCEPT:
a. A lawful purpose that is not
contrary to the public
b. Two or more competent
parties
c. an offer made by one party
and accepted by the other
party
d. Written under seal
, What does the Statute of That a contract for the transfer of a right
Frauds provide? or interest in land must be in writing to be
enforceable.
What is an express contract? all terms and conditions are specified and
agreed to by the parties
When you patronize a Implied and bilateral contract.
restaurant, you expect the
restaurant to serve safe, edible
food, and the restaurant
expects you to pay for the
food that you order. this is an
example of which type of
contract?
if you post flyers offering a Unilateral Contract.
$100 reward for return of your
lost dog, you are offering
which type of contract?
When all parties acknowledge Executed.
that the terms of a contract
have been met, what is the
status of the contract?
What does the statute of Time limits in which parties are allowed to
Limitation provide? bring legal action to enforce their rights
under oral or written contracts.
Exam | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (49)
What is a Parol Contract? an oral contract
All of the following are d. Written under seal
necessary elements for a
contract to be valid, EXCEPT:
a. A lawful purpose that is not
contrary to the public
b. Two or more competent
parties
c. an offer made by one party
and accepted by the other
party
d. Written under seal
, What does the Statute of That a contract for the transfer of a right
Frauds provide? or interest in land must be in writing to be
enforceable.
What is an express contract? all terms and conditions are specified and
agreed to by the parties
When you patronize a Implied and bilateral contract.
restaurant, you expect the
restaurant to serve safe, edible
food, and the restaurant
expects you to pay for the
food that you order. this is an
example of which type of
contract?
if you post flyers offering a Unilateral Contract.
$100 reward for return of your
lost dog, you are offering
which type of contract?
When all parties acknowledge Executed.
that the terms of a contract
have been met, what is the
status of the contract?
What does the statute of Time limits in which parties are allowed to
Limitation provide? bring legal action to enforce their rights
under oral or written contracts.
