promulgated contract forms

promulgated contract forms

2nd Grade

28 Qs

quiz-placeholder

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promulgated contract forms

promulgated contract forms

Assessment

Quiz

History

2nd Grade

Practice Problem

Hard

Created by

Jaquelin Franco

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28 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Void contract

A valid contract/ an agreement that meets the requirements of law

An agreement that is invalid from the beginning and does not affect the parties

Cannot be enforced due to some flaw or those issue

A contract for an illegal act is void

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Voidable contact

A contract where one party has the right to withdraw from the contract

One of the elements of the contracts

Offer and acceptance

Cannot be enforced against one of the parties

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Unenforceable contract

A contract that violates the Statute of frauds and will not be enforced by the courts

A contract that cannot that enforced due to some flaw or other issue

Competent parties/ one of the elements of a valid contract or adults who are recognized by law as being able to contract with others

Mutual consent

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Mutual consent

One of the elements of a valid contract

In writing creates enforceability

Meeting of the minds

Offer and acceptance

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Legal purpose

One of the elements of a valid contract

If the purpose of the contract is to do an illegal act, the contract is void

In Writing/ creates enforceability of a contract according to the statute of frauds

Elements of a valid contra

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

In Writting

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Collic

Elements of a residential home

Elements of a valid and enforceable contract

A contract during the time between execution and closing

Earnest money is not a requirement for a valid contract

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