Law of Contracts

This class was created by Brainscape user ZANE DUZANT. Visit their profile to learn more about the creator.

Decks in this class (20)

Default Remedies
What are liquidated damages buyer...,
What are monetary damages,
What is specific performance
5  cards
Leases and the "right of first refusal"
When is a buyer s temporary resid...,
When is a seller s temporary resi...,
What are the two promulgated leas...
13  cards
Default - Types of Damages
What are the three types of damag...,
What are the three types of damag...,
Is acceptance of earnest money fr...
5  cards
TVLB programs and provisions
What does tvlb stand for,
What does vhap stand for,
How does the vhap veterans housin...
3  cards
Physical characteristics of land
What are the three physical chara...,
Indestructibility or durability is,
Immobility means physical charact...
4  cards
Economic characteristics of land
What are the four economic charac...,
What is scarcity economic charact...,
What is modification economic cha...
5  cards
What agents need to do when offer received
Should an offer be presented to t...,
How soon should an agent communic...,
What is imputed notice
5  cards
Title policy, abstracts, commitments, opinion of title
What is an abstract of title,
How does an individual acquire an...,
What is an attorney s opinion of ...
5  cards
Option Contracts
What is an option,
What is a bilateral contract,
What is a unilateral contract
5  cards
Paragraph 11 – Special Provisions – what can an agent write
What are special provisions,
What must an agent ensure that sp...
2  cards
Proration & prorated items
What is proration,
At closing prorations for propert...,
At closing taxes for the year tha...
3  cards
Government rights in land (PETE)
How many rights does the governme...,
What does pete stand for,
What does pete stand for
10  cards
Offers, counteroffers, rejections, acceptance
The offeree has several options w...,
What is a counteroffer,
Is a counteroffer a rejection of ...
8  cards
Real Property vs. Personal Property
What is real property,
What is personal property,
What is personal property also kn...
5  cards
Statute of frauds - rules and exceptions
What does the statute of frauds s...,
Does an oral agreement comply wit...,
If a written and oral agreement w...
7  cards
Limits on title - claims, liens and charges
0  cards
TREC temporary lease agreements & features
What are the two forms of tempora...,
What is a buyer s temporary resid...,
What is a seller s temporary resi...
3  cards
Real & personal property transfer documents
What is personal property also re...,
If personal property is being tra...,
What other document does the bill...
4  cards
RESPA - rules and prohibitions
0  cards
Paragraph 11 - legal vs. illegal entries
What makes for an illegal entry u...
1  cards

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Law of Contracts

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