TEXAS LAW OF CONTRACTS LEVEL 2 EXAM QUESTIONS AND ANSWERS.

TEXAS LAW OF CONTRACTS LEVEL 2 EXAM QUESTIONS AND
ANSWERS
common law - CORRECT ANSWER✅✅the side of law which arises from judgements and decisions made
in courts rather than explicit legislation



statutory law - CORRECT ANSWER✅✅law formally created by lawmakers



improvement - CORRECT ANSWER✅✅any non-natural structure built on or affixed to land



real estate - CORRECT ANSWER✅✅a part of the surface of land to the center of the earth and upward
to space, plus all improvements made by man or nature



land - CORRECT ANSWER✅✅the surface of the earth, including all permanently attached natural
features, extending downwards to the center of the earth and upwards to infinity



adaptation - CORRECT ANSWER✅✅the use and modification of a particular item for a specific use in a
property — specific use for a property could deem an item as real property



annexation - CORRECT ANSWER✅✅attaching (or affixing) personal property to real estate in a way that
transforms the personal property into real property



bill of sale - CORRECT ANSWER✅✅a certificate of transfer of personal property



emblements - CORRECT ANSWER✅✅crops growing on a property which require annual care and are
considered the personal property of the owner



fixture - CORRECT ANSWER✅✅an object that was once personal property but is now firmly attached to
the land in such a way that it is considered to be real property