Law of Contracts - CHAMPIONS TEST

Wrongful or criminal deception intended to result in financial or personal gain is called: - ans fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ans 90 days __________ extend above the surface without limitation. - ans air rights An example(s) of an appurtenance would be: - ans easements There is no upper limit on the value of a Texas homestead. - ans true A(n) __________ is one that combines some of the elements of a sale with a lease. - ans lease purchase agreement Which of the following requires a contract for the conveyance of real estate to be in writing to be enforceable? - ans statute of frauds If a broker receives more than one offer on a property: - ans All must be presented to the seller unless the seller has instructed the broker otherwise The most common form of financing used by buyers is: - ans third party financing A(n) __________ is a provision in a contract that requires that a certain act or event happens in order for the contract to be binding on the party. - ans contingency