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Practice Test Question: 7A mentally disabled person who has been declaredincompetent by a judge wishes to enter into a contract.Under what conditions can such a person do so?Question Result: Practice Test Question: 9A buyer was negotiating the purchase of a house forhimself. During a conversation with the seller, the selleragreed to include all kitchen appliances in the sale, andthis fact was included in the sales contract. In thissituation, if the seller takes the appliances with him, whatrecourse does the buyer have?Question Result: Practice Test Question: 15While an agent is showing a listed property, the seller andthe buyer enter into an oral agreement for the purchaseof the home. If a dispute over the terms arises later, theagreement may be unenforceable becauseQuestion Result: Practice Test Question: 16A seller signs a listing agreement with a broker. The sellercan cancel the listing at any time without legal liability ifQuestion Result: Practice Test Question: 17A company agrees to lease a property to be used as agambling casino. State laws prohibit gambling. Thisparticular contract would be legally defined asQuestion Result: Practice Test Question: 22Even after an offer has been accepted and is binding, thebuyer and seller may still choose to sign mutual releasepapers rather than proceed to closing. Which of thefollowing circumstances would NOT give either party ajustifiable reason to insist on a mutual release?Question Result: Practice Test Question: 31If the terms of a contract indicate that Party A will beobliged to perform her part of the contract only if Party Bchooses to take a certain action, then the contract is aQuestion Result:
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