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302NC POST LICENSING EXAM CONTRACTS UPDATED 2024 WITH VERIFIED QUESTIONS AND DETAILED QUESTIONS (ALREADY GRADED A+)
302NC POST LICENSING EXAM
CONTRACTS UPDATED 2024 WITH
VERIFIED QUESTIONS AND DETAILED
QUESTIONS (ALREADY GRADED A+)
Which of the following is NOT a remedy for breach of a contract? - ANSWERoverlooking
Which of the following regarding mutual mistakes is FALSE? - ANSWER-applies to
mistakes of law
Which of the following regarding assignments is TRUE? - ANSWER-assignee is
primarily liable and the assignor is secondarily liable
Which of the following is NOT a valid method of communication for a buyer to accept an
offer? - ANSWER-carrier pigeon
An electronic signature has what aspect? - ANSWER-signature could be lost if there is
a change in vendor
When can a buyer withdraw an offer? - ANSWER-anytime; prior to acceptance of the
offer, the absolute right of withdraw applies up until the offer is accepted
Which of the following regarding the NAR Code of Ethics on offers is TRUE? -
ANSWER-A listing broker is required to respond in writing that an offer was submitted if
the cooperating broker who submitted the offer so requests.
An electronic record or signature is sent when - ANSWER-it is properly addressed, in a
format that can be processed, under the recipient's control, and outside of the sender's
control.
Unfair or deceptive trade practices include all of the following EXCEPT - ANSWERfailure to disclose immaterial facts.
A mistake of fact is a mutual mistake involving - ANSWER-a material fact that is not the
result of fraud or negligence.
Form 340-T includes all of the following responses EXCEPT - ANSWER-rejection of the
offer with a counteroffer.
An offer is terminated in all of the following ways EXCEPT - ANSWER-the offeree
learns the gender or race of the offeror and rejects the offer.
When acting as a dual agent, if the seller informs the agent that he has accepted an
offer, the offer is - ANSWER-considered already communicated.
The definition of an "electronic record" includes all of the following aspects EXCEPT -
ANSWER-stored in a hard copy.
Which of the following statements regarding the Electronic Signature in Global and
National Commerce Act (E-Sign Act) and Uniform Electronic Transactions Act (UETA) is
TRUE? - ANSWER-The E-Sign Act utilizes digital signature.
A transaction involving a natural person, personal household, or for familial purposes
describes a - ANSWER-consumer transaction.
The North Carolina Offer To Purchase and Contract requires _______ to assign rights
under the agreement. - ANSWER-permission and consent from both parties
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Specificaties
- School: Chamberlain College Of Nursing
- Opleiding: NURSING
Document
- Rubriek: Tentamens
- Gemaakt op: 17-06-2024
- Type: .pdf
- Pagina's: 4
- Taal: English
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