LAW OF CONTRACTS CHAMPIONS ACTUAL FINAL EXAM | 120
COMPLETE AND GRADED QUESTIONS AND ANSWERS 2026 LATEST
UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO PASS |
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A sewer system is NOT - (answer)Included in the descprition of land
Joint tenancy: - (answer)If one owner dies his share of his interest passes to surviving owners
Manufactured housing - (answer)Can be considered real property when proper paperwork is filed
A conveyance deed - (answer)Will transfer permanent fixed objects attached to a home
An abstract of title is - (answer)A summary of title search
A person who prepares an abstract of title - (answer)Searches the public records that may affect
title summation
When a joint tenant passes away the deceased property transfers to - (answer)Surviving joint
tenant
,Indestructibility is - (answer)A physical characteristic of land
Fee sample ownership, shared walls, and common areas are similar to - (answer)Town-house
ownership
A business organization may NOT - (answer)Own property as a tenancy by the entirety
Police power is an example of a governmental power - (answer)Example: zoning ordinances
Mortgage liens are - (answer)Voluntary liens
Estates in real property are - (answer)Created by a deed and or a bill of sale
When real estate taxes are not paid on time a - (answer)Lien will be filed by the taxing authority
Easements by necessity will be - (answer)Granted based on a landowner cannot be landlocked
Accretion is land being acquired by - (answer)Deposits from a river and or stream
, RESPA is - (answer)To ensure that buyers have knowledge of all costs in purchasing a home
An application should be filed by a Landowner to use state water to water his corps. -
(answer)This is called doctrine of prior appropriation
Easnerst money being deposited with in escrow account with titile company is the 1st step in the
- (answer)Transaction process
When an executory contract is in place and a zoning change takes place the - (answer)Contract
becomes void
A seller promised to sell and a buyer agrees to buy for a certain amount and out in writing; this is
called a - (answer)Bilateral contract
A breach of contract is NOT - (answer)When an agent who has a listing cannot produce a ready,
willing and able buyer
The broker - - (answer)Lawyer committee drafts but does not publish forms
COMPLETE AND GRADED QUESTIONS AND ANSWERS 2026 LATEST
UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO PASS |
GET A+
A sewer system is NOT - (answer)Included in the descprition of land
Joint tenancy: - (answer)If one owner dies his share of his interest passes to surviving owners
Manufactured housing - (answer)Can be considered real property when proper paperwork is filed
A conveyance deed - (answer)Will transfer permanent fixed objects attached to a home
An abstract of title is - (answer)A summary of title search
A person who prepares an abstract of title - (answer)Searches the public records that may affect
title summation
When a joint tenant passes away the deceased property transfers to - (answer)Surviving joint
tenant
,Indestructibility is - (answer)A physical characteristic of land
Fee sample ownership, shared walls, and common areas are similar to - (answer)Town-house
ownership
A business organization may NOT - (answer)Own property as a tenancy by the entirety
Police power is an example of a governmental power - (answer)Example: zoning ordinances
Mortgage liens are - (answer)Voluntary liens
Estates in real property are - (answer)Created by a deed and or a bill of sale
When real estate taxes are not paid on time a - (answer)Lien will be filed by the taxing authority
Easements by necessity will be - (answer)Granted based on a landowner cannot be landlocked
Accretion is land being acquired by - (answer)Deposits from a river and or stream
, RESPA is - (answer)To ensure that buyers have knowledge of all costs in purchasing a home
An application should be filed by a Landowner to use state water to water his corps. -
(answer)This is called doctrine of prior appropriation
Easnerst money being deposited with in escrow account with titile company is the 1st step in the
- (answer)Transaction process
When an executory contract is in place and a zoning change takes place the - (answer)Contract
becomes void
A seller promised to sell and a buyer agrees to buy for a certain amount and out in writing; this is
called a - (answer)Bilateral contract
A breach of contract is NOT - (answer)When an agent who has a listing cannot produce a ready,
willing and able buyer
The broker - - (answer)Lawyer committee drafts but does not publish forms
