Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Selling Property

TermDefinition
Statue of Frauds Requires certain contacts to be in writing in order to be enforceable.
Statute of Limitations Laws that allow a specific time during which two parties to a contract may bring legal suit to enforce their rights after which time such rights are lost.
Offer and Acceptance Mutual Assent, Meeting of minds
Offeror The person making the offer
Offeree The person receiving offer
Back up offer Once accepted by seller, no other offer can be accepted unless specifically allowed by the contract.
Revoked An offer can be revoked by the offeror at any time prior to the acceptance being communicated back to him/ her.
Counteroffer Rejecting offer and preparing a new one or by making the changes desired right on the offer
Contingent offers In the event the contingency’s is not satisfied , contract becomes null and void. Deposit refunded.
Valuable Concideration May be money. A note, love and affection. There is no money set by law.
Unilateral contract A promise is exchanged for an act.
Bilateral contract A promise is exchanged for another promise.
Legal Capacity Person entering contract must have legal capacity. I.e., of sound mindand legal age.
Legal objective A contract for illegal purposes is void.
Valid contract Legally binding
Void contract Missing an essential element
Voidable Contract Can be voided or enforced by party who entered contract under duress or was mislead which results in being legally injured.
Unenforceable Contract An oral contract which is not enforceable because it does not meet the statue of frauds.
Created by: Jgjg
Popular Real Estate sets

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards