CA Real Estate Principles Course » 2021 » Section 8 Unit 2 Exam
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Question #1
Which type of contract is the opposite of an express contract?
A.
Bilateral
B.
Executory
C.
Voidable
D.
Implied
Question #2
In which of the following types of contracts has one or more of the contract's terms yet to be completed?
A.
Unilateral contract
B.
Bilateral contract
C.
Executed contract
D.
Executory contract
Question #3
Real estate sales contracts must be valid, express, bilateral, ______, and executed or executory.
A.
Unenforceable
B.
Oral
C.
Voidable
D.
Enforceable
Question #4
Which of the following is a contract that exists based on an understanding or assumption, rather than on specifically defined terms?
A.
Invalid contract
B.
Implied contract
C.
Express contract
D.
Unilateral contract
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