Nevada Timeshare License Practice Exam

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Prepare for the Nevada Timeshare License Exam with interactive questions and comprehensive explanations. Familiarize yourself with the format and content of the test to boost your chances of success!

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For a contract to be enforceable in court, it must be:

Oral and written
Agreed upon verbally
A written contract
Signed by witnesses

The correct answer is: A written contract

A contract must be a written contract to be enforceable in court to provide clear evidence of the agreement and its terms. Written contracts serve as a tangible record that can be referenced to resolve disputes and clarify the obligations of each party. This is especially important in complex transactions or those involving significant financial implications, such as real estate or timeshares, where the details can be intricate. While oral agreements can be legally binding, they are often much more challenging to enforce because it can be difficult to prove the existence of the contract and the specific terms agreed upon. In contrast, a signed written contract minimizes ambiguity and supports the intention of both parties to be legally bound by the agreement. Witness signatures can add an additional layer of validation but are not strictly necessary for many contracts, making them not a primary requirement for enforceability.