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. Bilateral

B. Executory

C. Implied

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. Bilateral contract

B. Unilateral contract

C. Executory contract

D. Executed contract

Question #3

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

A. Enforceable

B. Unenforceable

C. Oral

D. Voidable

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. Unilateral contract

D. Express contract