Law of Contracts - CHAMPIONS TEST 2024 (Answered)

Wrongful or criminal deception intended to result in financial or personal gain is called: - correct answer-fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - correct answer-90 days __________ extend above the surface without limitation. - correct answer-air rights An example(s) of an appurtenance would be: - correct answer-easements There is no upper limit on the value of a Texas homestead. - correct answer-true A(n) __________ is one that combines some of the elements of a sale with a lease. - correct answer-lease purchase agreement Which of the following requires a contract for the conveyance of real estate to be in writing to be enforceable? - correct answer-statute of frauds If a broker receives more than one offer on a property: - correct answer-All must be presented to the seller unless the seller has instructed the broker otherwise The most common form of financing used by buyers is: - correct answer-third party financing