Texas Promulgated Contract Forms Test Comprising of 271 Thorough Questions and Validated Answers

Texas Promulgated Contract Forms Test Comprising of 271 Thorough Questions and Validated Answers The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? a. Consideration b. Novation c. Performance d. Void ANSWER c. Performance Which of the following is an example of consideration...? a. Money b. Personal services c. Cash d. All of the above ANSWER d. All of the above A State law requiring certain contracts to be in writing and signed before they will be enforceable at law is known as the...? a. Statute of Frauds b. Statute of Limitations c. Statute of Contracts d. Statute of Records ANSWER a. Statute of Frauds Which of the following is an example of a forbearance contract...? a. Listing contract b. Options contract c. Sales contract d. All of the above ANSWER b. Options contract A valid contract must be .......... and enforceable?