Real Estate Law 37

admin 2019.05.08 19:23 Views : 225

Check Your Understanding Answers

  1. Define breach of contract.

    A breach of contract is a failure to perform according to the terms of the agreement. Also called default, a breach of contract gives the damaged party the right to take legal action.
     
  2. What is the Statute of Limitations to sue for breach of contract in California?

    Four years from the time the breach occurred
     
  3. What is a tort?

    Tort is a civil wrong or wrongful act, whether intentional or accidental, that the law recognizes as grounds for a lawsuit.
     
  4. List five common tort claims made against real estate licenses. (Additional answers on page 60.)
    • Fraud
    • Breach of Duty
    • Breach of Contract
    • Negligence
    • Bodily Injury / Property Damage
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