1. A contract that is entered into by a person who is under the age of contractu

ID: 2649418 • Letter: 1

Question

1. A contract that is entered into by a person who is under the age of contractual capacity is:

A. voidable.

B. void.

C. valid.

D. unenforceable.

2. All of these are violations of federal antitrust laws EXCEPT

A. allocation of customers

B. Group boycotting

C. commission splitting.

D. tie-in agreements

3. An appraiser's role is to

A. set price

B. average value

C. determine value

D. estimate value

4. A person who is designated by the principal in a broad range of matters category of activities.

A. general agent

B- Designated agent

C. facilitator

D-special agent

5. The salesperson

1. A contract that is entered into by a person who is under the age of contractual capacity is:

B. void.

2. All of these are violations of federal antitrust laws EXCEPT

C. commission splitting

3. An appraiser's role is to

D. estimate value

4. A person who is designated by the principal in a broad range of matters category of activities.

C. general agent

8. If the lender wants to call the entire note due and payable if the borrower stop making payments, the security instrument must include

B- An acceleration clause

9. The reason that deeds and liens and other claims are recorded is to give

D. Constructive notice

10. A history of all recorded liens and encumbrances is revealed in the vi

D. Abstract of title

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