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Pcf - Chp. 7 (1)

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Institution PCF - Chapter 7
Course PCF - Chapter 7
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Exam of 1 pages for the course PCF - Chapter 7 at PCF - Chapter 7 (PCF - Chp. 7 (1))

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PCF - Chp. 7
Which of the following statements regarding the Addendum for Back-Up Contract is FALSE? -
ANS-An amendment to the first contract automatically constitutes a termination of the first
contract

According to the Addendum for Back-Up Contract, an amendment to the first contract: -
ANS-Does not constitute a termination of the first contract

Which of the following is NOT part of the mineral estate? - ANS-Limestone

If Blake uses addendum for sale of another property, and they are unable to sell it, what would
happen? - ANS-The contract automatically terminates and Blake (the buyer) will receive their
earnest money back.

If the seller receives and accepts an offer during contingency period, and Corina declines the
contingency... - ANS-Contract will be terminated and the earnest money will be refunded.

If Corina waives a contingency and then fails to close the fund due to non-receipt of proceeds
from the sale of her home, all of the following remedies are available EXCEPT? - ANS-Filing a
DTPA lawsuit against Corina

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