Law of Contracts – Champions
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
Liquidated Damages - 🧠 ANSWER ✔✔Buyer defaults, seller receives the
earnest money.
Tenant has the right to match or better offer in order to beat someone
else's. - 🧠 ANSWER ✔✔Residential lease with right of first refusal
Specific Performance - 🧠 ANSWER ✔✔Bill's purchasing from Sally, all
contingencies are met, ready to close, Sally decides to keep property, Bill
wants it, buyer will sue for
, Unlawful practice of law - 🧠 ANSWER ✔✔Elmer Flick, an agent preparing a
contract, seller wants to stay 1 week after closing, alters paragraph 11
special provisions
Used with FHA, VA, or Conventional Loans - 🧠 ANSWER ✔✔Texas
Veterans Land Boards Housing Assistance Program loans must be
Scarcity, Fixity, Situs, and Modification - 🧠 ANSWER ✔✔The four economic
characteristics of land are
Present offer to seller no matter what - 🧠 ANSWER ✔✔Agent Joe recieves
an offer for 150k on a property listed at 199.5k, if the seller will accept no
less than 185k, what should the agent tell the seller?
Complete written history of title - 🧠 ANSWER ✔✔What is an abstract of
title?
90 days - 🧠 ANSWER ✔✔The buyer/seller temporary lease agreement can
be witheld up to a period of
Unilateral contract - 🧠 ANSWER ✔✔An option is a
Special provisions paragraph 11 allows agents to add - 🧠 ANSWER
✔✔Facts, business details
2025/2026 Exam Questions and Answers
100% Guaranteed Success | Already
Rated A+
Liquidated Damages - 🧠 ANSWER ✔✔Buyer defaults, seller receives the
earnest money.
Tenant has the right to match or better offer in order to beat someone
else's. - 🧠 ANSWER ✔✔Residential lease with right of first refusal
Specific Performance - 🧠 ANSWER ✔✔Bill's purchasing from Sally, all
contingencies are met, ready to close, Sally decides to keep property, Bill
wants it, buyer will sue for
, Unlawful practice of law - 🧠 ANSWER ✔✔Elmer Flick, an agent preparing a
contract, seller wants to stay 1 week after closing, alters paragraph 11
special provisions
Used with FHA, VA, or Conventional Loans - 🧠 ANSWER ✔✔Texas
Veterans Land Boards Housing Assistance Program loans must be
Scarcity, Fixity, Situs, and Modification - 🧠 ANSWER ✔✔The four economic
characteristics of land are
Present offer to seller no matter what - 🧠 ANSWER ✔✔Agent Joe recieves
an offer for 150k on a property listed at 199.5k, if the seller will accept no
less than 185k, what should the agent tell the seller?
Complete written history of title - 🧠 ANSWER ✔✔What is an abstract of
title?
90 days - 🧠 ANSWER ✔✔The buyer/seller temporary lease agreement can
be witheld up to a period of
Unilateral contract - 🧠 ANSWER ✔✔An option is a
Special provisions paragraph 11 allows agents to add - 🧠 ANSWER
✔✔Facts, business details
