LAW OF CONTRACTS VIEW AHEAD EXAM WITH TESTED QUESTIONS AND ANSWERS 2026

LAW OF CONTRACTS VIEW AHEAD EXAM
WITH TESTED QUESTIONS AND ANSWERS
2026

• This generally refers to a governmental entity's legal authority to force
a private landowner to sell his or her real property for public use.


A) Condemnation
B) Taxation
C) Police power
D) Eminent domain . Answer: D) Eminent domain


• Precedents are determined by:


A) Statutory Law
B) Case law
C) TRELA
D) DTPA . Answer: Wrong A) Statutory Law?


• This estate may be terminated at will of either party. It has no duration
limitation.


A) Estate at will

,B) Estate from period to period
C) Estate for years
D) Freehold estate . Answer: A) Estate at will?


• A form of shared property ownership in which rights vest in several
owners for a specified period each year.


A) Cooperatives
B) Time shares
C) Townhomes
D) Condominiums . Answer: B) Time shares


• The law that established the Texas Real Estate Commission.


A) TREC
B) TRELA
C) TAR
D) TCEQ . Answer: B) TRELA
C) TAR wrong


• This act provides a three day right of rescission.


A) Equal Credit Opportunity Act

, B) Truth-in-Lending
C) RESPA
D) Fair Housing Act . Answer: B) Truth-in-Lending


• Agency law consist of the:


A) Texas law of agency
B) Texas Real Estate License Act
C) Texas Real Estate Commission
D) Texas Constitution . Answer: B) Texas Real Estate License Act


• In owner financing, who receives the DEED OF TRUST?


A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company . Answer: 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
B) Operation of law