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Georgia — Contracts & Leases — Georgia Real Estate — State Law Practice Test

Georgia — Contracts & LeasesQuestion 1 of 14

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On a Georgia purchase-and-sale agreement, what does the 'binding agreement date' generally establish?

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This Georgia Real Estate — State Law Georgia — Contracts & Leases practice set has 14 practice questions based on the official exam materials, each with an instant explanation.

Sample questions

Three questions from the Georgia — Contracts & Leases bank with the correct answer and an explanation. The practice quiz above draws 14 questions at random from the same bank.

  1. Under Georgia's Statute of Frauds, which agreement is generally UNENFORCEABLE unless it is in writing and signed by the party to be charged?

    • A contract to sell a parcel of real estate — Correct answer
    • An oral agreement to mow a lawn for one weekend
    • A month-to-month verbal arrangement to share a parking space
    • A handshake deal to buy a used car for cash

    Explanation: Georgia's Statute of Frauds (O.C.G.A. §13-5-30) requires that a contract for the sale of land (or any interest in land) be in writing and signed by the party to be charged. An oral agreement to buy or sell real estate is unenforceable in Georgia. Statute of Frauds(防止欺诈法 / estatuto de fraudes): the rule that certain contracts, including real-estate sales, must be written to be enforced. Source: O.C.G.A. §13-5-30.

    Handbook: Georgia Contracts & Leases — Statute of Frauds, real estate must be written (O.C.G.A. §13-5-30)

  2. In Georgia, a residential lease for a term of how long must be in writing to be enforceable under the Statute of Frauds?

    • More than one year — Correct answer
    • More than 30 days
    • More than six months
    • Any term, regardless of length

    Explanation: Under O.C.G.A. §13-5-30, a lease that cannot be performed within one year — i.e., a lease for MORE than one year — must be in writing. A lease for one year or less may be oral and still enforceable in Georgia. Lease(租约 / contrato de arrendamiento): an agreement conveying possession of property for a term; over one year it must be written. Source: O.C.G.A. §13-5-30.

    Handbook: Georgia Contracts & Leases — lease over one year must be written (O.C.G.A. §13-5-30)

  3. On a Georgia purchase-and-sale agreement, what does the 'binding agreement date' generally establish?

    • The date final acceptance is communicated, forming the contract and starting its deadlines — Correct answer
    • The date the property's title is recorded with the county
    • The date the closing attorney disburses the sale proceeds
    • The date the listing first appears in the MLS

    Explanation: In Georgia practice, the binding agreement date is the date the last party to accept communicates acceptance back to the offeror — it is when a binding contract is formed and from which most contract time periods (due diligence, financing, closing) are counted. Binding agreement date(具约束力协议日期 / fecha del acuerdo vinculante): the date a final acceptance is communicated, forming the contract and starting its deadlines. Source: Georgia contract-formation practice; O.C.G.A. §13-3-1 (essentials of a valid contract).

    Handbook: Georgia Contracts & Leases — binding agreement date starts contract deadlines (O.C.G.A. §13-3-1)