Executory - Study guides, Class notes & Summaries

ASREB Practice Exam Questions with Verified Answers A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required t...

Texas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS AND ANSWERS 100% ACCURATETexas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS AND ANSWERS 100% ACCURATETexas Promulgated Contracts-CHAMPIONS STUDY QUESTIONS AND ANSWERS 100% ACCURATEThe elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - ANSWER-B A(n) __________________ contract is define...

LEGL 2700 Final Exam UGA (Hackleman) Questions and Answers | Latest Version | 2024/2025 | Graded A+ What is specific performance as a remedy? Specific performance is a court order requiring a party to fulfill the terms of a contract rather than paying damages. What does subrogation mean in insurance law? Subrogation allows an insurer to pursue a third party responsible for causing a loss after compensating the insured. What is due process in administrative law? Due process i...

Kentucky Life Insurance Exam Questions With All Correct Answers Elements of a Contract - CORRECT ANSWERS Competent parties, legal purpose, offer and acceptance, consideration Waiver - CORRECT ANSWERS Voluntary giving up of a known right or privilege, can be express or implied Estoppel - CORRECT ANSWERS A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the...

Fee Simple Absolute The maximum possible estate one can possess in real property, denoting the aggregate of all possible rights that a person may have in that parcel of land Language to convey fee simple absolute: Common law v. Modern law Common law: "to A and his heirs" Modern law: "to A" Defeasible Estate Estate that may terminate before its maximum duration has run. Types of Defeasible Estates (1) Fee Simple Determinable (2) Fee Simple Subject to Condition Subsequent (3) Fee S...

1. The state of the contract between the execution date and the closing. A) Fully executed contracted B) Executed contract C) Option contract D) Executory contract ANS D) Executory contract 2. This lease has a defined specific beginning and ending date. A) Estate at sufferance B) Estate at will C) Estate from period to period D) Estate for years ANS D) Estate for years 3. The TREC ONE-TO-FOUR RESIDENTIAL RESALE CONTRACT requires the seller to deliver to the buyer at closing. A) ...

assignment correct answersThe transfer of rights and duties, but not liabilities, from one contract to another contract or from one person to another person is an: liquidated damages. Earnest money is not consideration; it is the seller's remedy in a liquidated damages contract if the buyer defaults. correct answersWhen the buyer is in default and the seller keeps the earnest money, the contract MOST likely provided for: executory. The phase from offer to a closed and executed/closed cont...

When classifying contracts according to their state of performance, a contract that has been fully performed on both sides is a(n): a. executed contract. b. valid contract. c. void contract. d. executory contract. - Answer a. executed contract

Important Contractual Concepts: Executory Contract Correct Answer Contract that is not completed immediately; some future act remains to be done to consummate the contract Important Contractual Concepts: Contracts of Adhesion Correct Answer one sided contract -- no negotiating Important Contractual Concepts: Aleatory Correct Answer unequal contract -- one person/party will receive more than another Important Contractual Concepts: Parol Evidence Rule Correct Answer Everything agreed upon...

aw of contracts Champions Test 2 A/n ______________ contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. Fully executed Legal Mutual consent Executory Executory __________ is something given in exchange for a promise.