Multiple Choice
Choose the one most appropriate answer for each.
-the party who makes an offer
A) assign
B) attorney-in-fact
C) breach of contract
D) competent party
E) consideration
F) counteroffer
G) duress
H) forbear
I) fraud
J) liquidated damages
K) money damages
L) mutual agreement
M) novation
N) offeror
O) rescind
P) specific performance
Q) statute of frauds
R) unilateral contract
S) void contract
T) voidable contract
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Money or anything worth money exchanged in
Q5: Choose the one most appropriate answer for
Q6: A(n)_ contract results when a promise is
Q7: Which of the following is an essential
Q8: A lawsuit for _ is an action
Q10: For an agreement to be enforceable it
Q11: A real estate contract can be declared
Q12: A man put up $10,000 as earnest
Q13: The broker and the seller know of
Q14: All of the following are essential elements