CHAPTER 11 Flashcards
1
Q
AN AGREEMENT WHERE BOTH PARTIES ARE OBLIGATED TO PERFORM, SUCH AS A PURCHASE AGREEMENT
(A PROMISE FOR A PROMISE)
A
BILATERAL CONTRACT
2
Q
INDUCING OWNERS TO SELL BY CLAIMING THAT THE ENTRY OF A PROTECTED CLASS OF PEOPLE INTO THE AREA MIGHT HAVE A NEGATIVE IMPACK ON PROPERTY VALUES
A
BLOCKBUSTING
3
Q
VIOLATION OF THE TERMS OR REQUIREMENTS OF A CONTRACT
A
BREACH OF CONTRACT
4
Q
SOMETHING OF VALUE BETWEEN THE PARTIES TO A CONTRACT
A
CONSIDERATION
5
Q
MIXING OTHER PEOPLE MONEY WITH THE BROKER’S PERSONAL FUNDS
A
COMMINGLING
6
Q
MINOR REPAIRS INTENDED TO KEEP EQUIPMENT FUNCTIONING
A
CORRECTIVE MAINTENANCE
7
Q
A CONTRACT THAT HAS BEEN FULLY PERFORMED AND ALL PROMISES HAVE BEEN FULFILLED
A
EXECUTED CONTRACT
8
Q
WHERE THE PARTIES SET FORTH THE AGREEMENT ORALLY OR IN WRITING
A
EXPRESS CONTRACT
