Unit 11: Real Estate Contracts Flashcards

1
Q

addendum

A
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2
Q

ammendment

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3
Q

assignment

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4
Q

bilateral contract

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5
Q

breach of contract

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6
Q

competent parties

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7
Q

consideration

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8
Q

contingency

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9
Q

counteroffer

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10
Q

contract

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11
Q

earnest monet

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12
Q

equitable title

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13
Q

escape clause

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14
Q

executed contract

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15
Q

executory contract

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16
Q

implied contract

17
Q

land contract

18
Q

liquidated damages

19
Q

novation

20
Q

offer and acceptance

21
Q

option

22
Q

parol evidence rule

23
Q

rescission

24
Q

right of first refusal

25
Q

specific performance

26
Q

statute of frauds

27
Q

statute of limitations

28
Q

time is of the essence

29
Q

unenforceable contract

30
Q

unilateral contract

31
Q

valid contract

32
Q

voidable contract

33
Q

void contract