Lesson 7 Flashcards

1
Q

Explain the essentials for a binding contract

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Describe the vendor’s and the salesperson’s obligation in representing premises that are for sale and the consequences of making misrepresentations

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Explain the difference between “void”, “voidable” and “unenforceable” contracts

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Describe the ways in which a contract can be terminated

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Define and explain the use of conditions precedent

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Explain the doctrine of privity of contract and how it interrelates with the right of a party to assign his or her rights under a contract

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Describe and apply the remedies available to an innocent party where a breach of contract has occurred

A

-

How well did you know this?
1
Not at all
2
3
4
5
Perfectly