ContractsCâu 66 / 100
Consideration in a contract refers to:
a.The signatures of witnesses
b.The recording of the deed
c.Something of legal value exchanged between the parties
d.The physical inspection of the property
Giải thích
Consideration is the benefit, right, or value each party gives in exchange for the other's promise, such as money for a property. It is a required element of an enforceable contract. Without valid consideration, a promise is generally not binding.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A net listing, which is discouraged or restricted in many states, is one where the broker's commission is:
- Specific performance is a legal remedy in which a court orders:
- The cancellation of a contract that returns the parties to their positions before it was formed is called:
- In many New York residential transactions, attorneys review and negotiate the contract of sale before it becomes binding during a period informally called:
- A void contract is one that:
- The transfer of a contract's rights and duties to another party, where the original party may remain secondarily liable, is:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với New York Real Estate Salesperson Licensing Exam · Quy trình kiểm tra