LAW OF CONTRACT FINAL EXAM(ACTUAL EXAM) WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+ 2026

LAW OF CONTRACT FINAL EXAM(ACTUAL
EXAM) WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2026




For a deed to be valid, it must include all of the following
EXCEPT:


A) The parties should be named
B) The property must be sufficiently described
C) The deed must be signed by the grantor
D) The deed must be recorded in the county courthouse -
ANSWERS-D) The deed must be recorded in the county
courthouse


Right of Survivorship refers to:

,A) Sole ownership
B) Tenancy in Common
C) Joint Tenancy
D) Community property - ANSWERS-C) Joint Tenancy


Representation is discussed when?


A) At first substantive dialogue about a specific property
B) At the first "face-to-face" meeting
C) At the time an offer is written
D) At any open house - ANSWERS-A) At first substantive
dialogue about a specific property


"Homestead" is a legal status for real property in Texas
created by ___________________.


A) Texas Real Estate Commission
B) TRELA
C) Texas Constitution
D) U.S. Constitution - ANSWERS-C) Texas Constitution
wrong A) Texas Real Estate Commission

, When guidelines are followed for sale of a loan to the
secondary market, these loans are called:


A) Secondary loans
B) Primary loans
C) Jumbo loans
D) Conforming loans - ANSWERS-D) Conforming loans


In owner financing, who receives the DEED OF TRUST?


A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company - ANSWERS-C) Seller


An automatic legal process by which an effect or result, or
liability or right, is created of extinguished without the
consent of either party.


A) Default