Multiple Choice
Choose the one most appropriate answer for each.
-to cancel a contract and restore the parties involved to their respective positions before the contract was made
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
Q13: The broker and the seller know of
Q14: All of the following are essential elements
Q15: A lease is an example of a<br>A)
Q16: An executory contract is a<br>A) contract which
Q17: A unilateral contract results when a promise
Q19: Choose the one most appropriate answer for
Q20: The agency relationship of a real estate
Q21: A meeting of the minds creating enforceable
Q22: Which of the following are considered to
Q23: A contract that has no binding effect