ContractsCâu 68 / 120
A 'meeting of the minds,' essential to contract formation, refers to:
a.A required in-person meeting at the courthouse
b.The buyer and broker agreeing on commission
c.Approval by the homeowners' association
d.Mutual agreement by both parties to the same terms
Giải thích
A meeting of the minds, or mutual assent, means both parties understand and agree to the essential terms of the contract. It is shown through a valid offer and acceptance. Without genuine mutual agreement, no enforceable contract is formed.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The transfer of one's rights and obligations under a contract to another person is called:
- A contract signed by a minor is generally considered:
- 'Time is of the essence' in a real estate contract means:
- An option contract gives the holder (optionee) the:
- Which of the following typically makes a contract 'void' rather than merely voidable?
- In most residential purchase contracts, the earnest money deposit is:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với Florida Real Estate Sales Associate Licensing Exam · Quy trình kiểm tra