Ontario Mortgage Agent Practice Exam

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

Study for the Ontario Mortgage Agent Exam. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for your 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 a breach of contract?

Assignment
Condition Precedent
Consideration
Breach of contract

The correct answer is: Breach of contract

A breach of contract is when one party fails to fulfill their contractual obligations. Assignments and consideration refer to the initial formation of the contract, while a condition precedent refers to a specific event or action that must occur before the contract is executed. None of these options accurately describe a breach of contract. Therefore, D is the most accurate answer.