Real Estate Questions Principles

When a comparable property has a feature that the subject property doesn't have, what should the licensee preparing a CMA do? a. Adjust the comparable's price down b. Adjust the comparable's price up c. Adjust the subject's price down d. Adjust the subject's price up

a. Adjust the comparable's price down

Zoning that preserves the architectural style and cohesive appearance of an area is termed ______. a. Aesthetic zoning b. Architectural zoning c. Bulk zoning d. Density zoning

a. Aesthetic zoning

Which address(es) must be included on the deed? a. The grantee's b. The grantor's and the county clerk's c. The notary public's and the county clerk's d. The notary public's and the grantee's

a. the grantee's

To best prevent risk associated with licensee non-compliance with real estate-related federal regulations, brokerage firms should do which of the following? a. Encourage licensees to obtain outside training on real estate-related federal regulations. b. Include a review of related federal legislation in the policies and procedures manual and provide appropriate training. c. Rely on licensees to make themselves aware of all federal regulations related to real estate. d. Require licensees to keep a tracking journal of all activities as proof that they've not violated federal regulations.

b. Include a review of related federal legislation in the policies and procedures manual and provide appropriate training.

In the capitalization formula, what does the I stand for? a. Impact b. Income c. Interest d. Investment

b. Income

Which method of foreclosure involves the court and a sheriff's sale? a. Deed in lieu of foreclosure b. Judicial c. Non-judicial d. Strict

b. Judicial

Which of these types of tenants most often uses a percentage lease? a. Manufacturing b. Residential c. Retail d. Triple net

c. Retail

XYZ Trust would like to sell its property. Which of the following is the legal title holder? a. The beneficiary b. The personal representative of the estate c. The trustee d. The trustor

c. The trustee

Who or what entity is the beneficiary of a completion bond? a. The bank b. The developer c. The homeowner d. The municipality

d. The municipality

What's one of the ways that bulk zoning achieves its objectives? a. Through architectural style requirements b. Through minimum height requirements c. Through minimum parking space requirements d. Through setbacks

d. Through setbacks

Shana has a former conviction for petty theft, and one for armed robbery—two events that occurred more than five years ago. When she applies for her real estate license, what should she do with regard to these convictions? a Disclose both, because any criminal conviction must be disclosed. b. Disclose only the armed robbery. c. Disclose only the petty theft, because armed robbery is not a reportable offense. d. Not disclose either, because they occurred more than three years ago.

a Disclose both, because any criminal conviction must be disclosed.

The right to access ponds, lakes, and other stationary bodies of water is ______. a Littoral b. Mineral c. Riparian d. Water

a Littoral

A buyer has a 30-year, $400,000 loan with a 7% interest rate. How much of the first month's mortgage payment is interest? a. $2,333.33 b. $28,000 c. $3,100 d. $933.33

a. $2,333.33

Nina and Rob prepaid some of their interest to their lender when financing their new home. What's this called? a. A buydown b. A down payment c. An adjustable rate mortgage d. An interest-free loan

a. A buydown

A residential tenant decides the 70s-era shag carpeting has to go, rips it up, and replaces it with nail down wood floors. When she moves out, she can't take the floor with her, because it is what? a. A fixture b. An improvement c. The wrong color for her new house d. Too heavy

a. A fixture ***explanation: The correct answer here is "a fixture," which means it is fixed to real property and cannot be removed without damaging the property.

What's an expense stop as used in leases? a. A lease that increases its rate when operating expenses exceed a certain threshold b. A limit to a landlord's maintenance costs c. A way of computing capitalization rates for lease agreements d. A way to limit taxes on income-producing properties

a. A lease that increases its rate when operating expenses exceed a certain threshold

Which of these is a legal reason for a landlord to enter a rental unit without notice? a. Abandonment of the property b. To conduct a home inspection for a buyer c. To inspect a waterbed d. To make repairs scheduled in advance

a. Abandonment of the property ***explanation: A landlord needs to provide notice before entering the property in most cases, but if the tenant has abandoned the property, the landlord may enter (because there's no one to give notice to).

FAR, or floor-to-area ratio, includes ______. a. All of the habitable structures on a lot b. All structures, including habitable structures and parking structures, but not parking lots c. None of the habitable structures on a lot d. The area within parking lots or parking structures

a. All of the habitable structures on a lot

Which product's fibers are dangerous when inhaled because they can lodge in the lungs and intestines, causing cancer? a. Asbestos b. Lead paint c. Radon d. Silicone

a. Asbestos

Which type of contract allows developers to enter into binding contracts with purchasers? a. Binding report b. Conditional report c. Interim report d. Preliminary report

a. Binding report

What is another name for a blueprint? a. Building plan b. Plat map c. Road map d. Tax assessor map

a. Building plan

You represent a buyer in a transaction that includes a 2% cooperating agent commission to be paid by the seller. Who's your client? a. Buyer b. Seller c. Seller's agent d. Seller's sub-agent

a. Buyer

The developer of a new subdivision is placing residential properties closer together, allowing him to include large open spaces throughout the development to build bike and walking trails, as well as a community pool and recreation center. What type of zoning is this? a. Cluster b. Conforming c. Non-conforming d. Spot

a. Cluster

A community apartment project is an example of what type of subdivision? a. Common interest subdivision b. Standard subdivision c. Subdivided lands project d. Undivided interest subdivision

a. Common interest subdivision

When prices go down because there are too many homes on the market and too few buyers, what economic principle is at work? a. Competition b. Conformity c. Progression d. Regression

a. Competition

Which one of the following is true about ownership or title to a property? a. Constructive notice to the public of real property ownership occurs when the deed is recorded. b. The last party to record has priority. c. The seller is responsible for paying for owner's and lender's title insurance. d. Title isn't finalized until the deed has been recorded.

a. Constructive notice to the public of real property ownership occurs when the deed is recorded.

The Baxters are looking at a $425,000 home. They have $90,000 in savings to use as a down payment. What loan type(s) would likely be the best option for them? a. Conventional b. FHA c. FHA, VA, or conventional d. VA

a. Conventional

Which approach to value measures the cost to produce a property, including land acquisition and construction costs? a. Cost approach b. Income approach c. Indirect approach d. Sales comparison approach

a. Cost approach

The purpose of ______ commissions is to preserve buildings, landmarks, and the character of certain areas. a. Historic preservation b. Human rights c. State real estate d. Wetlands

a. Historic preservation

Why is asbestos considered hazardous? a. It can cause serious lung disease and cancer. b. It causes a skin rash. c. It causes dementia if levels of exposure are high. d. It causes premature birth.

a. It can cause serious lung disease and cancer.

The Acme Company is planning to build a factory on the three-acre property it just purchased in Southern California. The factory will need access to a large amount of water. How will the company gain the right to the water it needs? a. It must apply for a water permit from the California State Water Resources Control Board. b. It must negotiate a deal with a property owner with previous water rights under the doctrine of prior appropriation. c. It must purchase water rights from a current property owner with riparian rights. d. It must use reclaimed water from the local water treatment plant.

a. It must apply for a water permit from the California State Water Resources Control Board.

Which practice involves talking the consumer into refinancing over and over so a lender can charge fees? a. Loan flipping b. Poison lending c. Premeditated lending d. Turnover lending

a. Loan flipping

If the land is described as "Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds," what type of legal description is being used? a. Lot and block b. Metes and bounds c. Monument system d. Rectangular government survey system

a. Lot and block

Beneficiary interest in land that's part of a land trust is considered ______. a. Personal property b. Protected from creditors c. Real property d. Subject to partition

a. Personal property

Sam grants Steve a license to hunt deer on his property. Which of the following statements about the license is true? a. Sam can revoke the license at any time. b. The license is a permanent privilege. c. The license is assignable. d. The license is inheritable.

a. Sam can revoke the license at any time.

Which term refers to the tenant's right to live in a rental property without harassment or trespass by the landlord? a. The right of quiet enjoyment b. The right to live c. The right to peace d The right to possession

a. The right of quiet enjoyment

Which of the following is true about air rights? a. They allow the owner to use the open space above buildings. b. They allow the owner to use the space directly below buildings. c. They cannot be bought or sold. d. They include mineral rights.

a. They allow the owner to use the open space above buildings.

You're on a planning board that's discussing how to keep the city more livable by reducing building density. The subject of bulk zoning comes up. What is your response? a. "That applies to commercial areas only." b. "That's a great way to meet our objectives." c. "That's crazy. We're trying to reduce density, not increase it." d. "That will work for residential areas, but what about commercial?"

b. "That's a great way to meet our objectives."

Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need to sell for the seller to net this amount? a. $105,163.16 b. $105,263.16 c. $105,363.16 d. $105,463.16

b. $105,263.16

Seller Adelaide and buyer Colin close on a transaction for two rental condos on March 15. They live in a state where the seller is considered the owner of the property on the day of closing. The combined rental income per month is $4,000. How much rental income can Colin expect to earn in March? a. $2,011.56 b. $2,064.48 c. $2,193.51 d. $2,300.25

b. $2,064.48

A small duplex sold for $550,000. Each unit can gross $2,500 in monthly rent for the owner, and there are no additional income sources from the property. What's the GRM? a. 100 b. 110 c. 200 d. 220

b. 110

Which of these statements about leases in California is true? a. A lease must identify the parties to the lease and emergency contact information for the tenant. b. A lease must identify the parties to the lease and the rental property. c. By default, a residential lease in California has a term of one year. d. The amount of the rent payment may be decided after the parties have agreed to the lease.

b. A lease must identify the parties to the lease and the rental property.

Your buyer client is following your advice and has obtained title insurance. The policy is from ______ and shows the legal description of the property and the standard items it covers, such as encumbrances of record. a. American Land Title Association (ALTA) b. California Land Title Association (CLTA) c. General Land Title Association (GLTA) d. Standard Land Title Association (SLTA)

b. California Land Title Association (CLTA) ***explanation: In California, the homeowner's title insurance policy is called the CLTA policy and offers a standard level of protection. The lender's title insurance policy is called the ALTA policy and offers extended coverage.

Doreen owns an office building and receives income from six stable tenants. What category of real estate does Doreen own? a. Agricultural b. Commercial c. Industrial d. Residential

b. Commercial

Which of the following describes a universal agent? a. Buyer's agent b. Conservator c. Escrow officer d. Listing agent

b. Conservator

Landlords may protect themselves from having to pay for damages to the property caused by the tenant by collecting a security ______ from the tenant. a. Charge b. Deposit c. Guarantee d. Payment

b. Deposit

Former landfills are often used for what purpose? a. Brownfields b. Development of golf courses and parks c. Special purpose landfills d.Unregulated waste disposal areas

b. Development of golf courses and parks

Informing parties of material facts related to a transaction describes the duty of ______. a. Accounting b. Disclosure c. Loyalty d. Reasonable skill and care

b. Disclosure

Without this easement—usually involving access to a road—the owner requiring the right of passage would be landlocked. a. Easement appurtenant b. Easement by necessity c. Easement by prescription d. Easement in gross

b. Easement by necessity

The secondary mortgage market buys loans from the primary market. How does this aid the lending market? a. Avoid foreclosure of borrower properties b. Ensure funds are available to borrowers c. Prevent bank runs by consumers d. Streamline lenders' bankruptcy processes

b. Ensure funds are available to borrowers

A loss in value caused by an undesirable or hazardous influence offsite is which type of depreciation? a. Economic and material depreciation b. External depreciation c. Functional obsolescence d. Physical depreciation

b. External depreciation

Goldie and Kurt are looking at purchasing their first home. Their credit history is a little shaky and they don't have enough money saved to put down 20%. What type of loan seems most appropriate? a. Conventional b. FHA c. FHA, VA, or conventional d. VA

b. FHA

Which one of the following covenant terms promises that the grantor will provide any additional assurances that the grantee reasonably requires and perform any acts necessary to correct any defect in the title being conveyed? a. Against encumbrance b. Further assurances c. Quiet enjoyment d. Warranty

b. Further assurances

Appraiser Jerry is looking past how a property is being used to determine a more optimal function. What is he determining? a. Cost to replace b. Highest and best use c. Market value d. Value in use

b. Highest and best use

Which physical characteristic of land addresses the concept that while improvements may deteriorate over time, the land itself cannot be destroyed? a. Immobility b. Indestructibility c. Permanence of investment d. Uniqueness

b. Indestructibility

Camille has a listing for a townhome, and appoints Ivy as her sub-agent. Ivy brings a buyer customer to the transaction, and the buyer purchases Camille's listing. What's true about the agency relationships in this situation? a. Camille owes her loyalty to Ivy. b. Ivy is Camille's sub-agent and owes loyalty to the seller. c. Ivy owes her loyalty to the buyer. d. The buyer is the sub-agent to the seller.

b. Ivy is Camille's sub-agent and owes loyalty to the seller.

You're working with buyers who are close to being financially ready to buy. To prepare themselves for loan approval, they should __________. a. Delay paying bills with high-dollar amounts to show better available cash b. Pay down credit card balances d. Pay off and close all but one or two credit cards c. Take out a home equity line of credit to pay off credit card debt

b. Pay down credit card balances

Alice listed a three-bedroom home for her client, but before she finds a buyer, the home burns to the ground. What happens to the agency agreement that Alice has with her client? a. The agency agreement continues as created unless Alice and her client can mutually agree to terminate it. b. The agency agreement is terminated if the property is destroyed. c. The agency agreement must be extended until the home is rebuilt, or for six months, whichever is longer. d. The agreement must continue, but it can be modified due to the changed value of the property.

b. The agency agreement is terminated if the property is destroyed.

Which of these fits the description of the "rent deduction" remedy? a. Kip found out that his neighbor was paying $10 less rent than he was, so he began deducting that amount from his rent. b. The landlord didn't fix the plumbing after the tenant provided notice, so the tenant hired a plumber and deducted the cost from the rent. c. The landlord refused to replace the stained carpets after the tenant's cats made a mess on them, so the tenant bought new carpet and deducted it from the rent. d. The wagon wheel light fixture wasn't to the tenant's taste, so the tenant replaced it and billed the landlord.

b. The landlord didn't fix the plumbing after the tenant provided notice, so the tenant hired a plumber and deducted the cost from the rent.

In what way, other than actual fire, does owning property in a designated forest fire hazard area affect home owners? a. They are required to have a fireproof basement in their dwelling. b. They may not receive fire protection services. c. They may not use candles, barbecues, fireplaces, or open flames of any sort in their home. d. They must serve on the volunteer fire department.

b. They may not receive fire protection services

Brandy, a member of the National Guard, has been called up to duty. If she's unable to pay her rent due to her orders, she may be entitled to a delay of eviction service. To qualify, her monthly rent must be __________ as adjusted by the housing price inflation adjustment. a. $1,500 or less b. $1,500 or more c. $2,400 or less d. $2,400 or more

c. $2,400 or less

A basement is 40 feet long and 20 feet wide. What is its area? a. 600 square feet b. 60 square feet c. 800 square feet d. 80 square feet

c. 800 square feet

What type of notice results from publicly recording a title transfer? a. Actual notice b. Attorney notice c. Constructive notice d. Proper notice

c. Constructive notice

From a lender's perspective, what does a credit score on the low end indicate? a. Better rates b. Credit usage c. Higher risk d. Lower risk

c. Higher risk

What is wrong with this statement: "Handwritten information on a contract is not legally binding. All insertions must be typed."? a. Contracts are not legally binding. b. Insertions are not allowed on contracts. They must be pre-printed. c. Insertions do not have to be typed to be legally binding. d. There is no reason to write by hand on a contract.

c. Insertions do not have to be typed to be legally binding.

Which of the following statements about an easement appurtenant is TRUE? a. It does not involve an adjoining property. b. It's an encumbrance on the dominant property. c. It's a permanent right that runs with the land. d. It's a temporary agreement between two parties.

c. It's a permanent right that runs with the land.

To whom does the subprime market cater? a. High-wealth individuals b. Investors c. Less creditworthy borrowers d. Property managers

c. Less creditworthy borrowers

What takes precedence over a deceased person's wishes to grant his property at death, even if those wishes are specified in the decedent's will? a. Intestate succession b. Location, location, location c. Operation of law d. Public interest

c. Operation of law

Zack enters into a contract to buy Olivia's home. Per the terms of the contract, Zack must put down a $10,000 earnest money deposit and have the property inspected within five days. In reality, he puts down a $12,000 deposit and has the property inspected within two days. Of what is this an example? a. Buyer misrepresentation b. Partial performance of the contract c. Performance of the contract d. Voiding of the contract

c. Performance of the contract

An adjustable rate mortgage has an initial interest rate of 5%. When the first interest rate adjustment date arrives, the rate can be adjusted a maximum of 1%. At all subsequent adjustment dates, the interest rate can be adjusted a maximum of 2%. The highest rate of interest that may be charged at any given time is 9%. What does the 2% rate represent? a. Initial cap b. Lifetime cap c. Periodic cap d. Usury

c. Periodic cap

In which type of framing are the framing members much larger and spaced much farther apart? a. Balloon b. Platform c. Post-and-beam d. Sub-form

c. Post-and-beam

What type of asset is held in a land trust? a. Always tillable land b. Cash c. Real estate d. Stocks and bonds

c. Real estate

What discriminatory lending practice by lenders resulted in the destruction of whole neighborhoods, with perfectly good housing left abandoned? a. Blockbusting b. Gerrymandering c. Redlining d. Steering

c. Redlining

Seller Gina feels awful that Martha, who was going to buy her property, lost her job. Gina decides to ______ Martha from the purchase contract. a. Assign b. Reform c. Release d. Rescind

c. Release

Which of the following must be disclosed in a subdivision's public report, according to the Subdivided Lands Law? a. The filing date of the first tentative map b. The financial history of the developer c. The interest to be acquired by the purchaser d. The number of parcels to be sold with or without pools

c. The interest to be acquired by the purchaser

Who would inherit the property in a family with legally adopted children if both parents died without a will? a. The illegitimate children b. The IRS c. The legally adopted children d. The state

c. The legally adopted children

When a licensee represents a seller, which one of the following statements is true about the licensee's ability to list other properties that are for sale? a. The licensee isn't permitted to list other properties for sale. b. The licensee is permitted to list other properties for sale as long as they're not competing properties. c. The licensee is permitted to list other properties for sale, even if they're competing properties. d. The licensee must list the seller's property only for the first 90 days, after which the licensee may list other properties.

c. The licensee is permitted to list other properties for sale, even if they're competing properties.

The ______ Civil Rights Act protects consumers of businesses from discrimination. a. American b. California c. Unruh d. U.S.

c. Unruh

Which of the following describes a buydown? a. ABC Lending charges origination points and offers a 4.5% rate. b. Buyers pay the seller a prepaid lump sum prior to closing to reduce the sales price. c. Your clients opt to pay their lender two discount points in a lump sum so they can lock in a reduced interest rate. d. Your sellers pay some of the buyer's closing costs so the buyer can put more money to their down payment.

c. Your clients opt to pay their lender two discount points in a lump sum so they can lock in a reduced interest rate.

Recently retired Admiral Bongo and his wife, Lucy, contact you. They want you to help them purchase their dream house now that he's retired, but one that has the necessary accommodations for the admiral's disability. They also confide in you that they don't have a lot of money saved up for a down payment. Which type of financing may work best for them? a. A conventional loan combined with a seller carry back. b. A conventional loan using the admiral's retirement money as a down payment. c. An FHA 203(k) loan to fix their new home up. d. A VA loan, which requires no down payment.

d. A VA loan, which requires no down payment.

Which of the following statements best describes a real estate corporation? a. A brokerage owned by a single person b. A brokerage owned by at least two people c. A group of individuals who each hold a real estate license d. An entity owned by one or more parties

d. An entity owned by one or more parties

In what way does the California Department of Health impact building practices? a. It drafts building codes b. It establishes licensing requirements c. It requires builders to carry a bond d. It sets guidelines for ensuring water safety

d. It sets guidelines for ensuring water safety

In most cases, what type of agent is a real estate licensee when working with a client on a real estate sale? a. Double b. Dual c. General d. Limited or special

d. Limited or special

In California, which lien can be filed later than other liens and still have priority over them? a. Income tax lien b. Judgement Lien c. Judgment lien d. Mechanic's lien

d. Mechanic's lien

Claudia and Yves enter into contract for her to buy his condo. The written contract must _____, identify the subject matter of the contract, and present the essential terms and conditions of the contract. a. Achieve a result that is fair to all parties b. Be handwritten c. Be signed by two or more attorneys d. Name the contracting parties

d. Name the contracting parties

A new development is going up just outside city limits where the population is expected to grow significantly in the next decade. The development will consist of commercial properties in one quadrant near a main road. The other areas are designated residential and will include single-family residences and multi-family townhomes. A small number of the single-family homes will border a golf course that is at the center of the development. What type of zoning is this an example of? a. Conforming b. Exclusive-use c. Non-conforming d. Planned unit development

d. Planned unit development

Which public report can be issued while awaiting final approval and allows developers to take reservations for up to a year while waiting for the final report? a. Amended report b. Conditional report c. Interim report d. Preliminary report

d. Preliminary report

Mrs. Blanchard cut down a tree growing on her property. Which of the following has occurred? a. A fixture has become real property. b. Personal property has become real property. c. Real property has become a trade fixture. d. Real property has become personal property.

d. Real property has become personal property.

Adam is an unlicensed assistant working with Sarah, a licensed salesperson. The following tasks are on their plates. Which of these actions can only Sarah perform? a. Placing a for sale sign on a property b. Preparing marketing materials for the property c. Providing factual information about the property d. Showing the property to prospective buyers

d. Showing the property to prospective buyers

Which one of these classes is protected under California fair housing law? a. Convicts b. Drug addicts c. Smokers d. Source of income

d. Source of income

Why is it so important to properly price a property when it first enters the market? a. If a property is overpriced from the beginning, the chances of the property selling are not impacted significantly. b. Overpricing a property will drive up the price of other properties as well, causing a false inflation. c. The first several months are crucial because they're the best chance for the property to sell. d. The first several weeks are crucial because they're the best chance for the property to sell.

d. The first several weeks are crucial because they're the best chance for the property to sell.

ohn's home is up for sale. He originally bought it five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000, which is the price for which other similar homes in the neighborhood are selling, and John accepts. What does the price of $365,000 represent? a. The appraised value b. The assessed value c. The investment value d. The market value

d. The market value

How are creditors or lien holders paid during a foreclosure process? a. Lien holders are given a referee's deed to the property. b. Tax refunds are disbursed after supplying a foreclosure affidavit to the court. c. The property is portioned among the lien holders to have or to sell. d. The property is sold at auction and lien holders are paid from the proceeds of the sale.

d. The property is sold at auction and lien holders are paid from the proceeds of the sale.

Paula is bidding on a property that's being sold at a foreclosure auction. She's excited about the great deal she's getting on the property after she finds out she submitted the winning bid. What could cause Paula's great deal to turn into a nightmare? a. The lender has the option to refuse her bid and revoke the deed transferring ownership to Paula. b. The previous owner may redeem the property by paying Paula at least 50% of the property's market value. c. The title insurance company may charge her additional fees after closing to continue the title policy. d. The title to the property may have hidden issues that could cost her a lot of money to clear.

d. The title to the property may have hidden issues that could cost her a lot of money to clear.

Where are mortgages recorded? a. Mortgages are not recorded; only deeds are. b. They're recorded at the lending bank's main office. c. They're recorded at the real estate brokerage's main office. d. They're recorded at the recorder's office in the county where the property is located.

d. They're recorded at the recorder's office in the county where the property is located.

Why is it important to publicly record a deed? a. The title insurance policy schedule of exceptions will include anything that's publicly recorded. b. Title insurance policies don't cover publicly recorded events. c. Title insurance policies must be publicly recorded to be legal. d. Title representatives and attorneys who perform title searches look for documents that are publicly recorded.

d. Title representatives and attorneys who perform title searches look for documents that are publicly recorded.

A jewelry store is relocating from a mall to a free-standing building and is pulling all of its display cases out of the storefront. These cases belong to the jewelry store because they are ______. a. Franchise fixtures b. Improvements c. Jewelry fixtures d. Trade fixtures

d. Trade fixtures

Which of these sentences accurately lists rules for interpreting a contract? a. Pre-printed text takes precedence over typed and handwritten text. b. Typed text takes precedence over handwritten text. c. Typed text takes precedence over pre-printed text, and numbers (e.g. 2) take precedence over spelled-out numbers (e.g. three). d. Typed text takes precedence over pre-printed text, and spelled-out numbers (e.g. four) take precedence over numerals (e.g. 5).

d. Typed text takes precedence over pre-printed text, and spelled-out numbers (e.g. four) take precedence over numerals (e.g. 5).

You receive an offer in the mail that says you're eligible to win a cash prize if you place some stickers on a form and return it to the sender. What type of contract is this? a. Implied contract b. Invalid contract c. Unenforceable contract d. Unilateral contract

d. Unilateral contract

Shannon received a tax credit due to her energy choice option. She likely selected ___________ to provide energy to her home. a. Coal b. Gas c. Oil d. Wind

d. Wind