Real Estate U Texas Promulgated Contract Forms(4) Exam 2024 Questions with 100% Correct Answers | Verified | Latest Update
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Course
RealEstateU- Texas Promulgated Contract Forms
Institution
RealEstateU- Texas Promulgated Contract Forms
Real Estate U Texas Promulgated Contract Forms(4) Exam 2024 Questions with 100% Correct Answers | Verified | Latest Update To have no force or effect is referred to as a ........................ contract?
Void
Valid
Enforceable
Executed
ANS Void
2. That which is capable of being adjusted void...
Real Estate U Texas Promulgated Contract Forms(4).pdf file:///C:/Users/HP/Desktop/dddd/Real%20Estate%20U%20Texas%2
Real Estate U Texas Promulgated Contract
Forms (4) Questions & Answers
1. To have no force or effect is referred to as a ........................ contract?
Void
Valid
Enforceable
Executed
ANS Void
2. That which is capable of being adjusted void, but is not unless action is taken to
make it so, is referred to as a/an ...................................... contract?
Unenforceable
Voidable Executed
Expired
ANS Voidable
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,Real Estate U Texas Promulgated Contract Forms(4).pdf file:///C:/Users/HP/Desktop/dddd/Real%20Estate%20U%20Texas%2
3. In order to be considered a competent party, an individual must be of the age of the
?
Majority
Minority
Other party
None of the above
ANS Majority
4. A contract in which one of the parties is a minor is considered a.....................?
Void contract Executed
contract Voidable
contract
Waived contract
ANS Voidable contract
5. A contract in which there is fraud by either commission or omission is voidable by
the..........................?
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,Real Estate U Texas Promulgated Contract Forms(4).pdf file:///C:/Users/HP/Desktop/dddd/Real%20Estate%20U%20Texas%2
Either the non-fraudulent or fraudulent party
Fraudulent party
The contract is not voidable
Non-fraudulent party
ANS Non-fraudulent party
6. A contract that is missing one or more of the elements of a valid contract is considered.
?
Enforceable
Executed
Expired Void
ANS Void
7. A contract in which each party promises to do something is referred to as a
?
Unilateral contract
Bilateral contract
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,Real Estate U Texas Promulgated Contract Forms(4).pdf file:///C:/Users/HP/Desktop/dddd/Real%20Estate%20U%20Texas%2
Void contract
Exclusive contract
ANS Bilateral contract
8. When one party promises to do something if the other party performs a certain act,
but the other party does not promise to perform it, it is referred to as a...?
Unilateral contract
Bilateral contract Void
contract
Exclusive contract
ANS Unilateral contract
9. An options contract is an example of a/an...?
Unilateral contract
Bilateral contract
Void contract
Unenforceable contract
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