Law of Contracts - CHAMPIONS TEST 2023 with complete solution

Law of Contracts - CHAMPIONS
TEST 2023 with complete solution
complete

, Law of Contracts - CHAMPIONS TEST 202



1. Wrongful or criminal deception intended to result in financial or

personal gain is called:: Answer- fraud

2. The Buyer and Seller Temporary Residential Lease forms may be used for

a 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

6. A(n) is one that combines some of the elements of a sale with

a lease.: Answer- lease purchase agreement

7. Which of the following requires a contract for the conveyance of real

estate to 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 presented 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

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