ContractsCâu 50 / 120
The essential elements of a valid contract generally include offer and acceptance, consideration, legal purpose, and:
a.A recorded deed
b.Competent parties with legal capacity
c.A real estate license held by both parties
d.A government subsidy
Giải thích
A valid contract requires competent parties, mutual assent (offer and acceptance), consideration, and a lawful object. Parties must have legal capacity, meaning they are of legal age and sound mind. Missing an essential element can make a contract void or voidable.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- For a real estate contract to be enforceable, the Statute of Frauds generally requires that it be:
- When a seller responds to a buyer's offer by changing the price, this response is legally a:
- A contract in which only one party makes a promise, such as an option to purchase, is a:
- An 'executory' contract is one in which:
- A contingency in a purchase contract, such as a financing or inspection contingency, functions to:
- The remedy of 'specific performance' in a real estate contract dispute means:
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