Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is fundamental to a valid contract?

It must involve at least three parties
It should not be enforceable by the courts
It must be related to real estate only
It is enforceable by the courts

The correct answer is: It is enforceable by the courts

Fundamental to a valid contract is that it is enforceable by the courts. This means that all parties involved must have the intention to enter into a legal agreement and must agree to the terms and conditions outlined in the contract. Option A is incorrect because a contract can involve any number of parties, as long as they all agree to the terms. Option B is incorrect because if a contract is not enforceable by the courts, it is considered invalid and unenforceable. Option C is incorrect because a contract can be related to any subject matter, not just real estate.