_____ Is the Most Important Personal Characteristic Needed to Be

question 50

Multiple Choice

_____ is the most important personal characteristic needed to be a successful salesperson.

• A)Caring attitude
• B)Knowledge
• C)Patience
• D)Persistence
• E)Extroversion

Understand the rights and obligations of parties in a contract, including remedies available for breach of contract.

Grasp the concepts of mutual assent, consideration, legality, and capacity as foundational elements of a valid contract.

Comprehend the distinctions and applications of equitable and legal remedies in contract disputes.

Recognize the significance of the Statute of Frauds and its requirements for certain types of contracts to be enforceable.

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Definitions:

Perfection

In legal and finance contexts, the act of securing a priority interest in collateral to protect a secured loan or transaction.

Certificate of Deposit

A savings certificate entitling the bearer to receive interest, which has a fixed maturity date, and typically restricts withdrawal of funds before that date.

Breached the Peace

Breaching the peace refers to causing a disturbance or acting in a manner that disrupts public order or tranquility, often leading to legal penalties.

Public Lot

A plot of land owned by a governmental entity and made available for public use or development.