Unit 12: Real Estate Contracts Flashcards

1
Q

addendum

A
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2
Q

amendment

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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

consideration

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7
Q

contingencies

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8
Q

contract

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9
Q

counteroffer

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10
Q

disclosure

A
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11
Q

earnest money

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12
Q

enforceable contract

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13
Q

executed contract

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14
Q

executory contract

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15
Q

express contract

A
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16
Q

implied contract

A
17
Q

land contract

A
18
Q

liquidated damages

A
19
Q

novation

A
20
Q

offer and acceptance

A
21
Q

option

A
22
Q

owner financing

A
23
Q

purchase money mortgage

A
24
Q

rescission

A
25
Q

statue of frauds

A
26
Q

suit for specific performance

A
27
Q

time is of the essence

A
28
Q

unenforceable contract

A
29
Q

unilateral contract

A
30
Q

valid contract

A
31
Q

void contract

A
32
Q

voidable contract

A