Law of Contracts - CHAMPIONS TEST
Questions and Answers (Verified Answers)
1. Wrongful or criminal deception intended to result in financial or personalgain
is called Answer :
2. The Buyer and Seller Temporary Residential Lease forms may be used fora lease
period not to exceed Answer :
90 days
3. extend above the surface without limitation. Answer :
air rights
4. An example(s) of an appurtenance would be Answer :
easements
5. There is no upper limit on the value of a Texas homestead. Answer :
true
1/5
, 6. A(n) is one that combines some of the elements of a sale witha
lease. Answer :
lease purchase agreement
7. Which of the following requires a contract for the conveyance of real estateto be
in writing to be enforceable? Answer :
statute of frauds
8. If a broker receives more than one offer on a property Answer :
All must be present-ed to the seller unless the seller has instructed the broker
otherwise
9. The most common form of financing used by buyers is Answer :
third party financing
10. A(n) is a provision in a contract that requires that a certainact
or event happens in order for the contract to be binding on the party. –Answer :
contingency
2/5
Questions and Answers (Verified Answers)
1. Wrongful or criminal deception intended to result in financial or personalgain
is called Answer :
2. The Buyer and Seller Temporary Residential Lease forms may be used fora lease
period not to exceed Answer :
90 days
3. extend above the surface without limitation. Answer :
air rights
4. An example(s) of an appurtenance would be Answer :
easements
5. There is no upper limit on the value of a Texas homestead. Answer :
true
1/5
, 6. A(n) is one that combines some of the elements of a sale witha
lease. Answer :
lease purchase agreement
7. Which of the following requires a contract for the conveyance of real estateto be
in writing to be enforceable? Answer :
statute of frauds
8. If a broker receives more than one offer on a property Answer :
All must be present-ed to the seller unless the seller has instructed the broker
otherwise
9. The most common form of financing used by buyers is Answer :
third party financing
10. A(n) is a provision in a contract that requires that a certainact
or event happens in order for the contract to be binding on the party. –Answer :
contingency
2/5
