Texas Law of Contracts: Ch. 3 Quiz
Statute of Frauds
A State law requiring certain contracts to be in writing and signed before they will be enforceable at law is known as the...?
Executory contract
A contract in which something remains to be done by one or both of the parties is considered a/an...?
Executed contract
A contract that has been fully performed is considered a/an...?
All of the above
A valid contract must include which of the following...? - Consideration - Offer and acceptance - Legal purpose - All of the above
Bilateral contract
An independent contractor agreement is considered what type of contract...?
Open listing
Which of the following is an example of a unilateral contract...? - Exclusive right to sell agreement - Exclusive agency agreement - Net listing - Open listing
All of the above
Which of the following is considered a bilateral contract...? - Sales contract - Net listing agreement - Exclusive right to sell agreement - All of the above
Consideration
Anything given or promised by a party to include another to enter into a contract is called...?
Performance
If a contract requires a party to do something, it is referred to as...?
Forbearance
If a contract requires a party to not do something, it is referred to as...?
