Which is not an example of an express agreement? Sally orders a pizza to be delivered.

Legal Aspects Q12 Flashcards Which is not an example of an express agreement? Sally orders a pizza to be delivered.What is the commonality of unilateral rescission, specific performance, and reformation?Equitable remedies for breach of contract The parol-evidence rule refers to which of the following?It is a rule that bars the introduction of most evidence regarding the oral negotiations of the parties that occurred prior to the execution of a written contract.The statute of limitations places a limit on the length of time a plaintiff has to file a lawsuit. What is the time limit to file an action on any written contract?

• years

Paul sends Gary a letter that states, "I offer to purchase your house for $290,000, closing to take place by December 31." Gary writes back, "I accept your offer, but escrow must close before November 30." Which of the following is true?Gary's letter is a counteroffer that Paul can accept or reject

Voidable means:valid unless set aside by one of the parties.

Jim is in the market for a new house and visits a listed property owned by Alice. After his tour of the property, he sends her a written offer to buy for a few thousand dollars less than her listing price. Alice looks it over and decides that it is a reasonable offer and mails her acceptance to Jim. When she hears nothing for two weeks, she calls him and he tells her, "I never received your acceptance. And I've decided to revoke my offer to buy your house." Alice, however, has a copy of her letter stating her acceptance and the certified mail receipt. The postal service has no record that the letter was delivered, however, even though Alice can prove she mailed it. Do they have a contract?Alice's mailed acceptance created a binding contract even though Jim never received it, according to the "mailbox rule." Which of the following is not an element of a valid contract?Unilateral agreement What document should an assignor use to be released entirely from any obligations or secondary liability?Novation Jeff and Marian sign a real estate purchase agreement by which Jeff agrees to buy Marian's house. The contract states that Jeff will deposit $1,000 into escrow upon execution of the agreement and that if the parties are unable to conclude the sale for any reason, Marian will retain the $1,000 as liquidated damages, less the escrow costs to that point. If the results of the termite inspection show that there is damage to the property and Jeff cancels the sale as a result, how is a court likely to treat the

$1,000?

A court would likely find that the $1,000 payment to Marian is a valid liquidated damages provision