Law Of Contracts - CHAMPIONS TEST;
QUESTIONS AND ANSWERS 100% SOLVED
Wrongful or criminal deception intended to result in financial or personal gain is
called: -
Correct Answer-fraud
The Buyer and Seller Temporary Residential Lease forms may be used for a lease
period not to
exceed: - Correct Answer-90 days
__________ extend above the surface without limitation. - Correct Answer-air
rights
An example(s) of an appurtenance would be: - Correct Answer-easements
There is no upper limit on the value of a Texas homestead. - Correct Answer-true
A(n) __________ is one that combines some of the elements of a sale with a
lease. - Correct
Answer-lease purchase agreement
, Law Of Contracts - CHAMPIONS TEST;
QUESTIONS AND ANSWERS 100% SOLVED
Which of the following requires a contract for the conveyance of real estate to
be in writing to be
enforceable? - Correct Answer-statute of frauds
If a broker receives more than one offer on a property: - Correct Answer-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: - Correct Answer-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. - Correct Answer-contingency
The Lead-Based Paint Disclosure is: - Correct Answer-A federal requirement for
residential
property built prior to 1978
In Texas, real estate contracts are subject to satisfactory inspections. - Correct
Answer-false
QUESTIONS AND ANSWERS 100% SOLVED
Wrongful or criminal deception intended to result in financial or personal gain is
called: -
Correct Answer-fraud
The Buyer and Seller Temporary Residential Lease forms may be used for a lease
period not to
exceed: - Correct Answer-90 days
__________ extend above the surface without limitation. - Correct Answer-air
rights
An example(s) of an appurtenance would be: - Correct Answer-easements
There is no upper limit on the value of a Texas homestead. - Correct Answer-true
A(n) __________ is one that combines some of the elements of a sale with a
lease. - Correct
Answer-lease purchase agreement
, Law Of Contracts - CHAMPIONS TEST;
QUESTIONS AND ANSWERS 100% SOLVED
Which of the following requires a contract for the conveyance of real estate to
be in writing to be
enforceable? - Correct Answer-statute of frauds
If a broker receives more than one offer on a property: - Correct Answer-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: - Correct Answer-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. - Correct Answer-contingency
The Lead-Based Paint Disclosure is: - Correct Answer-A federal requirement for
residential
property built prior to 1978
In Texas, real estate contracts are subject to satisfactory inspections. - Correct
Answer-false
