Contracts and Agency Exam 1 Flashcards Preview

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Flashcards in Contracts and Agency Exam 1 Deck (5)
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1

Contract between broker and sales agent: Uni or bilateral?

Unilateral

2

A contract that has been signed but not executed is...

Executory

3

The mortgage instrument is executed by the...owner, lender, or agent

Owner

4

Novation is...

replacing one contract with another

5

Any contract can be rescinded if...

both parties agree