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

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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

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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

owner financing

23
Q

purchase money mortgage

24
Q

rescission

25
statue of frauds
26
suit for specific performance
27
time is of the essence
28
unenforceable contract
29
unilateral contract
30
valid contract
31
void contract
32
voidable contract