Reference no: EM132047236

1. Nathan is a non-represented party for who m some level of service is provided and who in entitled to fairness and honesty. Nathan is best described as which of the following?

A. Client                    C. Nonagent

B. Customer                D. Special Client

2. Properties that society has found undesirable because of events that occurred there are known as:

A. A Material fact                  C. Latent defect

B. Stigmatized Properties      D. Buyers due diligence

3. A contract in which all of the parties have fulfilled their promises and the contract has been performed is known as:

A. Executory                      C. Executed

B. Execute                         D. Full Performance

4. Buyer Adam had his real estate agent write up an offer on a house for him and his wife. Their real estate agent was also the listing agent on the house that Buyer Adam and his wife wanted to purchase. The real estate agent just did a verbal offer to the sellers. After two weeks, buyer Adam and his wife decided that they did not want to purchase the house. What kind of contract would this most likely be?

A. Unilateral                       C. Bilateral

B. Enforceable                    D. Unenforceable

5. A contract that is demonstrated by the party’s actions or conduct would be an example of which type of contract?

A. Unilateral                       C. Bilateral

B. Implied                          D. Expressed