Chapter 11

Question 1

Expections

Answer 1

1. Where the party seeking to enforce the contract can prove that the party denying it had acted in such a way that indicated the existence of the contract deposit.

Seller - Where are the party seeking to enforce the contract had reasonably rely on the contract and performed some spending money.

Does not apply to lease for a term of three years or less. Commercials

Question 2

Remedies

Answer 2

The court has the Power to enforce and oral contract.

Deposit
Compensation
Legal fees reimbursed

Question 3

The law and equity act contains a provision that is often referred to as a requirement of writing. Which of the following statement is true regarding the requirement of writing contains in section 59 of the real estate equity act

Answer 3

Party who is reasonable relied on the oral contract of the real estate will be able to force the contract

Question 4

Which of the following statements is true

Answer 4

The court has the power to enforce an oral contract respecting a disposition of land, if necessary to avoid and in equable or unfair result where the party will live on the contract has substantially alter his position

Question 5

Competition Act

Answer 5

Every person commits an offence to with a competitor of that person that with respect to a product conspires agrees or arrange

1. To fix maintain increase or control the price for the supply of the product.
2. To allocate sales territories customers or markets for the production or supply of the product.
3. To fix maintain control prevent less than or a lemonade the production or supply of the product

Question 6

Which of the following is an offence under the competition act

Answer 6

Agreement in restraint of trade

Question 7

Competition act

Agreement in restraint of trade

Answer 7

Key words

1. Control the price
2. Allocate sales territories customers or market
3. Control the production or supply of the product

Question 8

The act of discouraging the Reduction of price is placing uppers pressures in price and discrimination against someone because of their low pricing policy means of threat promise or agreement or fence under the

Answer 8

Competition act

Question 9

Misleading advertising

To determine whether a given representation of false or misleading accorded required to assess the general impression convey by the representation as well as it literal meeting

Answer 9

Can’t be written or oral representation to the public.

The statement must be false or misleading in a material respect

What are the same as misleading as whether in an experience person would be mislead

To escape liability… Must show that you took all the care of a reasonable person and you honestly believe it was true

Question 10

Section 50 to the competition it stays at the falls or misleading advertising is a crew in offense. Which of the following statement is true

Answer 10

Determine whether a given representation is false or misleading a court is required to it assess the general impression convey by the representation as well as is literal meaning

Question 11

Which of the following statements about the competition as offences of misleading advertising his faults

Answer 11

A representation to the public would include any print radio or television advertising but would not include oral representation made privately to an individual purchaser

Question 12

The federal competition at prohibits false or misleading advertising and creates an offence punishable by imprisonment or fine. Which of the following statement is not true concerning this offence

Answer 12

All false advertisement made to the public will constitute an offence under the provisions of the competition at even if the inexperienced person would not mislead by them the representation

Question 13

Contract respecting land or disposition of a of land is not enforcible hard to enforce unless there is there is in writing signed by the party to be charged or by his agent both in an indication that it has been made in a reasonable indication of a subject matter

Answer 13

Law and equity act

Question 14

Before providing trading services to a customer licensee must obtain

Answer 14

The informed consent of the consumer

Question 15

Which of the following statements about conditions and warranty is

Answer 15

Only bridges of conditions allow the end of party to terminate the contract

Question 16

Which of the following statement is correct

Answer 16

Contracts a purchase and sale can be a sign if the contract includes a standard assignment turned the same it does not prejustice the seller and the contract does not prohibit the Simon

Question 17

In a binding contract I condition precedent can best be described as

Answer 17

The condition that must occur before a party is liable to perform his principal obligation under the contract

Question 18

Which of the following is not one of the standard assignment terms that must be included in all prepared by licensee unless instructed otherwise by a client

Answer 18

The seller must not charge any fee to the buyer one consenting to an assignment.

Question 19

Which of the following is one of the standard assignment terms that must be included in all offers prepared by a licensee unless instructed otherwise by a client

Answer 19

The seller is entitled to any profit resulting from an assignment of the contract by the buyer or any subsequent assignee.

The contract must be assigned without written consent of the seller

Question 20

Condo in strata Assignment integrity registration ( CSAIR)

Reporting

Answer 20

And assignment of the entire agreement

A partial assignment

Subsequent assignment

And assignment of the lease agreement of three years term on more

Question 21

A contract of purchase and sale is

Answer 21

A binding contract and properly drafted

Question 22

Which one of the following is false

Answer 22

Unless a deposit paid when an offer to purchase is made there is no binding contract of purchase and sale

Question 23

Where a condition precedent Is inserted in a contract of purchase and sale a licensee might also include a time clause. Which of the following definition accurately describes such a clause

Answer 23

The clause permit the seller to require the removal of the condition precedent that it within at the civic time if a better offer is received

Question 24

The lot equity act contains a provision for the literal waiver by the party of the condition precedent.Which One of the following is not one of the requirements

Answer 24

Satisfied

Question 25

An amendment to the contract of purchase and sale

Answer 25

Is not legally binding on the seller and buyer until finalized in writing and signed by all parties to the original contract

Question 26

What is a time clause or 72 hour clause

Answer 26

It refers to the length of time the other party has to remove the condition precedent once t clause is invoked

Question 27

And offer to purchase real estate

Answer 27

Must be default have standard terms relating to contract assignments unless the buyer instruct otherwise