Law of contracts practice test Questions with complete solutions

Law of contracts practice test Questions with complete solutions According to the TREC contracts, the title company (on behalf of the seller) will send what to the buyer within 20 days after they receive the signed contract? To make a contract valid, someone may need to contract through the power of attorney if they: In the event that the buyer cannot secure financing, a financing contingency allows: WHAT must be delivered to the seller or the seller's agent within three days after the effective date of the contract? Joe is a real estate agent assisting a client with a promulgated form. The client does not agree with a few phrases in the form, so Joe strikes those phrases out. Which of the following is TRUE? The government of Pleasantville is seizing land in order to widen several major streets in the city. They take the land without the property owners' consent. This is an example of: Condominium owners: A seller's homeowner's insurance policy is cancelled at the time of closing. They will receive WHAT after closing for the part of their premium that was paid in advance? A promissory note is: Sharkari owes $23,000 on a first lien mortgage and $13,000 on a second lien recorded just a few weeks ago. Her property goes into foreclosure. Which sum will be paid off first? What is an exclusive right to sell listing? An estate for years, a periodic estate, an estate at will, and a tenancy at sufferance are all: Helder is a buyer who wants to breach his contract and back out of his sale contract. But he also doesn't want to lose money. Which of the following is most TRUE of Helder's situation?