Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

Which of the following is NOT a requirement for a valid contract under Ontario law?

  1. Acceptance

  2. Consideration

  3. Intentional Misrepresentation

  4. Legal Purpose

The correct answer is: Intentional Misrepresentation

Intentional Misrepresentation is NOT a requirement for a valid contract under Ontario law. A valid contract typically requires four elements: offer, acceptance, consideration, and legal purpose. Intentional Misrepresentation refers to deceitful or false information provided during the formation of a contract, which goes against the principle of honesty and good faith. This element can render a contract voidable, but it is not a necessary requirement for a contract to be considered valid.

More Questions Like This