Quiz 4

Question 1

____ + _____ = ______ = if legally enforceable = contract

Answer 1

offer + acceptance = agreement

Question 2

bilateral contract

Answer 2

promise for promise

Question 3

unilateral contract

Answer 3

promise for an act

Question 4

which form of contract is a reward dispute

Answer 4

unilateral

Question 5

the ____ can revoke his offer anytime after ____

Answer 5

offeror

acceptance

Question 6

once the offeree receives a valid offer, he/she cna make these 3 legal decisions

Answer 6

accept
counteroffer
deny/reject

Question 7

list 4 types of contracts

Answer 7

1. expressed
2. implied
3. quayside
4. promissory estoppel

Question 8

expressed contract

Answer 8

all agreements are written or verbally expressed and clearly stated

Question 9

implied contract

Answer 9

implied in previous disputes, facts or customs

Question 10

an easement is a _____ interest in real estate

Answer 10

nonpossessory

Question 11

the easement benefit land is called the ____ estate

Answer 11

dominant

Question 12

what is a bailment

Answer 12

when a bailor gives a bailee temporary ownership of their tangible personal property such as a car or boat

Question 13

in a real estate mortgage loan, the lender requires the borrower to sign these 2 legal documents:

Answer 13

1.

2. promissory note

Question 14

if the borrower defaults, the lender can file a lawsuit called ____ to acquire legal title

Answer 14

foreclosure

Question 15

in a personal property loan, the lender must record a UCC - ____ financing statement

Answer 15

Ucc - 1

Question 16

what is a nuisance law

Answer 16

prevents unreasonable disruptiveness

ex. playing loud music in apartment complex

Question 17

what type of zoning is heavy in medley florida?

Answer 17

industrial

Question 18

kelo v city of new london case

1. what was it
2. final decision
3. amendment involved

Answer 18

1. supreme court case involving the sale of a poor property area to a private development company
2. supreme court allowed kelo to take the property
3. 5th amendment

Question 19

what are anti kelo laws

Answer 19

prevent economic development from happening