52. A contract is considered executed when A. consideration is exchanged. B. mutual assent is resched. C. all the provisions of the contract have been fully performed. D. an offer is made and the offeree accepts. 53. Which of the following would NOT create a woidable contract? A. ignorance B. duress C. fraud D. undue influence 54. A real estate purchase contract CANNOT be a A. bllateral contract. B. oral contract C. express contract. D. executory contract. 55. A buyer offered full price on a home, but the seller felt he may bave listed too low, so he made a counteroffer. The buyer A. The buyer is obligated to complete the purchise. B. The buyer is not obligated to complete the purchase; the listing broker who negotiated the transaction is due a commission. C. Neither the buyer nor the seller has any obligations in this stuation. D. The original offer is now considered a contract so the seller is now obigaled to sell to the buyer. 56. A buyer made an offer on a property; he conditioned the offer on acceptance by the seller within 12 days. Which is correct? A. The buyer cannot withdraw the offer until the twelve-day period has passed. B. The buyer can withdraw the offer at any time prior to acceptance by the seller: C. The buyer has no need to withdraw the offer because an offer that has not been accepted yet is void. D. The seller can stop the buyer from withdrawing the offer by making a counteroffer. 57. Claudette is buying a house; she signs a purchase contract and gives het agent an earnest money deposit. If the document specifies acceptance must be made in person, at what point is there a valid, legally binding contract? A. the moment Claudette signs the purchase agreement B. When the agent turns the earnest money deposit over to the brokerage C. once the seiler accepts the offer and signs bie purchase agreement D. as soon as the seller recelvos the signed purchase agreernent 58. Linda emters into a unilateral contract with Johnny, who is her nephew. Johnny agrees to dispose of the oid asbestos temoved from Linda's attic by throwing out smal bits weekly in his regular trash, and upon completion, she will compensate him monetarly. The status of this contract is A. executory. B. executed. C. vold D. valid. 59. A valid contract does NOT need A. mutual assant. B. duress. C. consideration. D. legaly competent parties