TIMESHARE TEST #2 2025 EXAM WITH
QUESTIONS AND CORRECT SOLUTIONS
The Nevada Revised Statute that deals with the timeshare industry in Nevada is
titled:
A. 1551
B. 119A
C. 119B
D. 645 - Correct Answer-B. 119A
Timeshare right to use is considered:
A. A contractual agreement
B. Deed and title
C. An open arrangement
D. None of the above - Correct Answer-A. A contractual agreement
Timeshare is:
A. A great investment
B. A way to freeze vacation costs
C. Easily financed
D. A good tax deduction - Correct Answer-B. A way to freeze vacation
,costs
Fractional ownership of a timeshare is:
A. From one day to 29 days
B. A series of 21 day stays
C. Weekends only
D. One month to half of a year - Correct Answer-D. One month to half of a
year
An arrangement to do, not to do certain things is called:
A. Declaration
B. Contract
C. Affidavit
D. Testament - Correct Answer-B. Contract
All are necessary to the creation of an agency relationship except:
A. Consideration
B. Agreement of both parties
C. Principal with capacity
D. Mutuality - Correct Answer-B. Agreement of both parties
, Which of the following is not a necessary element in the information of a
contract?
A. Consideration.
B. Acceptance
C. Performance
D. Offer - Correct Answer-C. Performance
Financing for an individual timeshare is done by the:
A. Developer
B. Local banks
C. Visa/MasterCard
D. The Financial Timeshare Corporation - Correct Answer-A. Developer
The value of an individual timeshare unit usually:
A. Goes up in value
B. Goes down in value
C. Stays about the same
D. Varies from state to state - Correct Answer-B. Goes down in value
Consideration in connection with a contract may be which of the following:
QUESTIONS AND CORRECT SOLUTIONS
The Nevada Revised Statute that deals with the timeshare industry in Nevada is
titled:
A. 1551
B. 119A
C. 119B
D. 645 - Correct Answer-B. 119A
Timeshare right to use is considered:
A. A contractual agreement
B. Deed and title
C. An open arrangement
D. None of the above - Correct Answer-A. A contractual agreement
Timeshare is:
A. A great investment
B. A way to freeze vacation costs
C. Easily financed
D. A good tax deduction - Correct Answer-B. A way to freeze vacation
,costs
Fractional ownership of a timeshare is:
A. From one day to 29 days
B. A series of 21 day stays
C. Weekends only
D. One month to half of a year - Correct Answer-D. One month to half of a
year
An arrangement to do, not to do certain things is called:
A. Declaration
B. Contract
C. Affidavit
D. Testament - Correct Answer-B. Contract
All are necessary to the creation of an agency relationship except:
A. Consideration
B. Agreement of both parties
C. Principal with capacity
D. Mutuality - Correct Answer-B. Agreement of both parties
, Which of the following is not a necessary element in the information of a
contract?
A. Consideration.
B. Acceptance
C. Performance
D. Offer - Correct Answer-C. Performance
Financing for an individual timeshare is done by the:
A. Developer
B. Local banks
C. Visa/MasterCard
D. The Financial Timeshare Corporation - Correct Answer-A. Developer
The value of an individual timeshare unit usually:
A. Goes up in value
B. Goes down in value
C. Stays about the same
D. Varies from state to state - Correct Answer-B. Goes down in value
Consideration in connection with a contract may be which of the following:
