LAW OF CONTRACTS 2026-2027
EXAM EDITION-STUDY GUIDE,EXAM
PREP AND COMPREHENSIVE
PRACTICE QUESTIONS AND DETAILED
ANSWERS GRADED A+
Which of the following is NOT included in the description of the land
A. A sewer system
B. The earths surface extending downward towards the center of the earth
C. Trees and water on the earths surface
D. Formations such as hills and plateaus
A Sewer system
Which of the following is TRUE regarding manufactured housing in Texas?
A. It can be considered real property if the owner chooses to treat it as such and
files
the proper paperwork.
B. It is always considered personal property.
, C. It is always considered real property.
D. It is considered real property if it is permanently affixed to the land.
It is considered real property if it is permanent affixed to the land
Which of the following is an economic characteristic of real estate?
A. Immobility
B. Indestructibility
C. Uniqueness
D. Improvements
Improvements
Which of the following is FALSE regarding community property?
A. It consists of real and personal property acquired by either spouse during the
marriage.
B. Its conveyance requires the signature of both spouses.
C. The spouses can will their half of the property to whomever they desire.
, D. It can be mortgaged or conveyed by one spouse without the consent of the
other.
It consists of real and personal property acquired by either spouse during the
marriage
Fee simple ownership, shared walls, and a fractional interest in common areas are
all characteristics of
A. single-family home ownership.
B. cooperative ownership.
C. time-share ownership.
D. town-house ownership.
Town-House Ownership
Which of the following is a physical characteristic of land?
A. Improvements
B. Indestructibility
C. Area preference
, D. Scarcity
Indestructibility
All of the following are true about estates in real property EXCEPT
A. they are created by a deed or a bill of sale.
B. freehold estates are estates of
ownership.
C. leasehold estates are estates of possession.
D. they are created by a deed and a lease
they are created by a deed and a lease
Mortgage liens, mechanics' liens, and tax liens are all examples of
A. appurtenant easements.
B. encumbrances.
C. deed restriction.
EXAM EDITION-STUDY GUIDE,EXAM
PREP AND COMPREHENSIVE
PRACTICE QUESTIONS AND DETAILED
ANSWERS GRADED A+
Which of the following is NOT included in the description of the land
A. A sewer system
B. The earths surface extending downward towards the center of the earth
C. Trees and water on the earths surface
D. Formations such as hills and plateaus
A Sewer system
Which of the following is TRUE regarding manufactured housing in Texas?
A. It can be considered real property if the owner chooses to treat it as such and
files
the proper paperwork.
B. It is always considered personal property.
, C. It is always considered real property.
D. It is considered real property if it is permanently affixed to the land.
It is considered real property if it is permanent affixed to the land
Which of the following is an economic characteristic of real estate?
A. Immobility
B. Indestructibility
C. Uniqueness
D. Improvements
Improvements
Which of the following is FALSE regarding community property?
A. It consists of real and personal property acquired by either spouse during the
marriage.
B. Its conveyance requires the signature of both spouses.
C. The spouses can will their half of the property to whomever they desire.
, D. It can be mortgaged or conveyed by one spouse without the consent of the
other.
It consists of real and personal property acquired by either spouse during the
marriage
Fee simple ownership, shared walls, and a fractional interest in common areas are
all characteristics of
A. single-family home ownership.
B. cooperative ownership.
C. time-share ownership.
D. town-house ownership.
Town-House Ownership
Which of the following is a physical characteristic of land?
A. Improvements
B. Indestructibility
C. Area preference
, D. Scarcity
Indestructibility
All of the following are true about estates in real property EXCEPT
A. they are created by a deed or a bill of sale.
B. freehold estates are estates of
ownership.
C. leasehold estates are estates of possession.
D. they are created by a deed and a lease
they are created by a deed and a lease
Mortgage liens, mechanics' liens, and tax liens are all examples of
A. appurtenant easements.
B. encumbrances.
C. deed restriction.
