The CE Shop » Sales License » CA Real Estate Principles Course » 2021

Question #1

Which type of contract is the opposite of an express contract?

A. Implied

B. Executory

C. Bilateral

D. Voidable

Question #2

In which of the following types of contracts has one or more of the contract's terms yet to be completed?

A. Executory contract

B. Executed contract

C. Unilateral contract

D. Bilateral contract

Question #3

Real estate sales contracts must be valid, express, bilateral, ______, and executed or executory.

A. Unenforceable

B. Voidable

C. Enforceable

D. Oral

Question #4

Which of the following is a contract that exists based on an understanding or assumption, rather than on specifically defined terms?

A. Implied contract

B. Unilateral contract

C. Invalid contract

D. Express contract