Unit 1 Section 3 and 4
Real Estate Contract Law Quiz
Test your knowledge on the fundamentals of contract law as it pertains to real estate. This quiz covers essential topics that every landlord, tenant, and property manager should know.
- 8 multiple-choice questions
- Covers key concepts in contract and property law
- Perfect for students and professionals alike
A landlord refers his tenant to his agent to deal with a maintenance issue but later refuses to pay the agent for dealing with the repair claiming that the agent did not have his written authority to act. This would be considered to be…
Negligence
Estoppel
A breach of the law of equity
A common law breach
A contract made will not be binding in which of these situations?
Where one of the parties is 18 years old
Where the arrangement relates to the sale of a property
Where one of the parties has been convicted of murder
Where one of the parties is 16 years old
Contract law is Civil Law, so the remedies are?
Equitable remedies
Fines
Prison
Criminal remedies
Which common law remedy is awarded by the court when a contract is breached?
Specific performance
Damages
Injunction
Fines and Prison
Under which circumstance was the agent acting as an agent of necessity?
Negotiating an offer on a landlord’s behalf
Marketing a property online
Instructing a plumber in the event of a leak
Arranging a To Let board within a certain time frame
Which of the following is not an essential element of a contract?
Payment
Product
Offer
Unconditional acceptance
The Limitation Act 1980 imposes a time limit on bringing an action in the event of a breach of a contract. What is the time limit?
6 months
3 years
6 years
8 years
Which piece of legislation stipulates that leases for 3 years or less can be a verbal contract and still be legal?
Law of Property Act 1925
Land Act 1804
Landlord and Tenant Act 1985
Housing Act 2004
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