CA_Principles_Chapter_06_Quiz - Principles of California...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Principles of California Real Estate Chapter 6 Quiz 1. What are the terms “adequate, good and sufficient, and valuable” related to? A. Consideration B. Just compensation C. Legal description D. Fiduciary duties 2. A contract for the purchase of a commercial property has mutual consent, consideration, and a legal objective. The contract, however, is conditioned on the buyer finding a tenant for the building within two months. This contract is: A. illusory B. enforceable C. unenforceable D. voidable 3. A minor who owned property approached a broker to assist in the sale of the property. The broker may not accept a listing from the minor because: A. a minor is incapable of appointing an agent B. the minor may be able to disaffirm a real estate contract later C. a broker is incapable of a fiduciary relationship with a minor D. it is illegal for a minor to enter into any sort of contract 4. A man acquired a parcel of real property before his arrest and conviction. While in prison, he wished to convey the property to his son. May he do so?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/06/2011 for the course FIN 365 taught by Professor Staff during the Spring '11 term at S.F. State.

Page1 / 3

CA_Principles_Chapter_06_Quiz - Principles of California...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online