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Law of contract practice exam 2024 Questions with 100% Correct Answers | Verified | Latest Update

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1. The state of the contract between the execution date and the closing. A) Fully executed contracted B) Executed contract C) Option contract D) Executory contract ANS D) Executory contract 2. This lease has a defined specific beginning and ending date. A) Estate at sufferance B) Estate at will C) Estate from period to period D) Estate for years ANS D) Estate for years 3. The TREC ONE-TO-FOUR RESIDENTIAL RESALE CONTRACT requires the seller to deliver to the buyer at closing. A) Deed of trust B) General Warranty Deed C) Special Warranty Deed D) Quit Claim Deed ANS B) General Warranty Deed

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