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Texas Promulgated Contracts- Exam Answers
The elements of a valid contract are, competent parties,
consideration, legal subject matter, in writing, and
.
(a)Default
(b)Mutual consent
(c)Property condition
(d)Recordin
g B
A(n) contract is defined as a
contract that is binding on the parties, with one or more
of the parties having contr duties that have not
yet been performed.
(a)Executory
(b)Executed
(c)Bilateral
(d)Voi
d A
In the business of real estate, is defined
as something given in exchange for a promise.
(a)Consideration
(b)Mutual assent
(c)A bribe
(d)Legal subject
matter A
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