LAW OF CONTRACTS CHAMPIONS ACTUAL TEST |125 COMPLETE
AND GRADED QUESTIONS AND ANSWERS 2026 LATEST UPDATED |
100% GRADED CORRECT | 100% GUARANTEED TO PASS | GET A+
The TREC residential contract forms are: - (answer)Drafted by the Broker Lawyer Committee
Wrongful or criminal deception intended to result in financial or personal gain is called: -
(answer)fraud
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. -
(answer)goods
If a seller will continue to occupy the property for one month after the closing, the buyer and
seller should: - (answer)Enter into a Seller's Temporary Residential Lease
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to
exceed: - (answer)90 days
a seller's disclosure notice is not required - (answer)at a foreclosure sale
,The type of law that deals with the relationship between the parties to a transaction, sales agents
and brokers is: - (answer)agency law
__________ is the body of laws and regulations enacted by federal and state legislative bodies. -
(answer)statutory law
__________ extend above the surface without limitation. - (answer)air rights
Any man-made addition to land that is permanent, and is considered to become part of the land is
known as a(n) __________. - (answer)improvement
A(n) __________ is an entity created for the benefit of another. - (answer)trust
an option contract is: - (answer)unilateral contract
__________ is not a requirement of a valid contract. - (answer)earnest money
If a person has been judged to be incompetent, a contract is __________ because the person
never had the capacity to enter into a contract in the first place. - (answer)void
, The five essential elements of a valid and enforceable contract are, Consideration, Offer and
Acceptance, Legal purpose, In writing and __________. - (answer)competent parties
A(n) __________ is an agreement between two or more parties to do something or to refrain
from doing something. - (answer)contract
When an individual owns real property, he or she is said to have a (n) __________ in that
property. - (answer)freehold estate
If property violates zoning, the owners must request a __________, which is permission to
violate the rules. - (answer)variance
An example(s) of an appurtenance would be: - (answer)easements
There is no upper limit on the value of a Texas homestead. - (answer)true
A(n) __________ is an area of land separating one land use from another. - (answer)buffer zone
AND GRADED QUESTIONS AND ANSWERS 2026 LATEST UPDATED |
100% GRADED CORRECT | 100% GUARANTEED TO PASS | GET A+
The TREC residential contract forms are: - (answer)Drafted by the Broker Lawyer Committee
Wrongful or criminal deception intended to result in financial or personal gain is called: -
(answer)fraud
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. -
(answer)goods
If a seller will continue to occupy the property for one month after the closing, the buyer and
seller should: - (answer)Enter into a Seller's Temporary Residential Lease
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to
exceed: - (answer)90 days
a seller's disclosure notice is not required - (answer)at a foreclosure sale
,The type of law that deals with the relationship between the parties to a transaction, sales agents
and brokers is: - (answer)agency law
__________ is the body of laws and regulations enacted by federal and state legislative bodies. -
(answer)statutory law
__________ extend above the surface without limitation. - (answer)air rights
Any man-made addition to land that is permanent, and is considered to become part of the land is
known as a(n) __________. - (answer)improvement
A(n) __________ is an entity created for the benefit of another. - (answer)trust
an option contract is: - (answer)unilateral contract
__________ is not a requirement of a valid contract. - (answer)earnest money
If a person has been judged to be incompetent, a contract is __________ because the person
never had the capacity to enter into a contract in the first place. - (answer)void
, The five essential elements of a valid and enforceable contract are, Consideration, Offer and
Acceptance, Legal purpose, In writing and __________. - (answer)competent parties
A(n) __________ is an agreement between two or more parties to do something or to refrain
from doing something. - (answer)contract
When an individual owns real property, he or she is said to have a (n) __________ in that
property. - (answer)freehold estate
If property violates zoning, the owners must request a __________, which is permission to
violate the rules. - (answer)variance
An example(s) of an appurtenance would be: - (answer)easements
There is no upper limit on the value of a Texas homestead. - (answer)true
A(n) __________ is an area of land separating one land use from another. - (answer)buffer zone
