Law of Contract Final exam
This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - Answer- D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - Answer- Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from period to period C) Estate for years D) Freehold estate - Answer- A) Estate at will? A form of shared property ownership in which rights vest in several owners for a specified period each year. A) Cooperatives B) Time shares C) Townhomes D) Condominiums - Answer- B) Time shares The law that established the Texas Real Estate Commission. A) TREC B) TRELA C) TAR D) TCEQ - Answer- B) TRELA C) TAR wrong This act provides a three day right of rescission. A) Equal Credit Opportunity Act B) Truth-in-Lending C) RESPA D) Fair Housing Act - Answer- B) Trut
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