Barette and Julianna Agree in Writing to Buy and Sell

question 59

Multiple Choice

Barette and Julianna agree in writing to buy and sell a piece of property. All the terms are completed except that Julianna has not paid the required $50,000 purchase price. What type of contract is this?

• A) Executed and implied
• B) Formal and executory
• C) Informal and executed
• D) Formal and executed
• E) Informal and executory

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Definitions:

Beliefs

Convictions or acceptance that certain things are true or real, often without the need for proof and based on personal faith or trust.

Behaviors

The actions or reactions of an organism, often in response to its environment or stimuli.

Response-Focused

A strategy or approach that concentrates on addressing or modifying the emotional or behavioral responses to a situation.

Suppression

The act of stopping something by force, preventing the dissemination of information, or the expression of thoughts and activities.