R E Chapter 13

How many adverse possession laws does Nevada have?

Two.

Offer and Acceptance" can be described as:

Both parties to a contract must agree on the contract’s purpose, terms and conditions.

Under this type of contract, the vendor (the seller) retains the legal title to the property, while the vendee (the buyer) takes possession of the property and gets equitable title to the property What type of agreement is this?

Land Contract.

If something remains to be completed in the contract, it is considered:

Executory.

A contract for an illegal purpose is:

Void.

Someone who says, "I will give this house to my daughter in return for her love and affection," has just:

Offered good consideration.

A contract under which the agreement of the parties is demonstrated by their acts and conduct is:

An implied agreement.

The interest the buyer has in the property between time of acceptance of contract and closing is known as:

Equitable title.

Every agreement that, by the terms, is not to be performed within a specific amount of time of its creation, is void, unless the agreement sets forth the consideration in writing and is signed by parties to the contract. What is this "specific amount of time" in which the agreement must be performed?

One year.

Substituting a new contract for an old one is known as:

Novation.