Law of Contracts - CHAMPIONS TEST
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Wrongful or criminal deception intended to result in financial or personal
.. .. .. .. .. .. .. .. .. .. ..
gain is called: - correct answer
.. fraud
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The Buyer and Seller Temporary Residential Lease forms may be used for
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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: -
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correct answer
.. easements .. ..
There is no upper limit on the value of a Texas homestead. -
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correct answer
.. true .. ..
A(n) __________ is one that combines some of the elements of a sale wit
.. .. .. .. .. .. .. .. .. .. .. .. ..
h a lease. - correct answer
.. .. lease purchase agreement
.. .. .. .. .. ..
Which of the following requires a contract for the conveyance of real esta
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te to be in writing to be enforceable? -
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correct answer
.. statute of frauds .. .. .. ..
, If a broker receives more than one offer on a property: -
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correct answer
.. All must be presented to the seller unless the selle
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r has instructed the broker otherwise
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The most common form of financing used by buyers is: -
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correct answer
.. third party financing .. .. .. ..
A(n) __________ is a provision in a contract that requires that a certain ac
.. .. .. .. .. .. .. .. .. .. .. .. ..
t or event happens in order for the contract to be binding on the party. -
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correct answer
.. contingency .. ..
The Lead-Based Paint Disclosure is: -
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correct answer
.. A federal requirement for residential property buil
.. .. .. .. .. .. .. ..
t prior to 1978
.. .. ..
In Texas, real estate contracts are subject to satisfactory inspections. -
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correct answer
.. false .. ..
The term __________ is synonymous with contingent. -
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correct answer
.. subject to .. .. ..
Real estate agents play a role that includes arranging for the pre-
.. .. .. .. .. .. .. .. .. .. ..
qualification / pre-approval of buyers. - correct answer true .. .. .. .. .. .. .. ..
.. .. .. .. ..
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 wit
.. .. .. .. .. .. .. .. .. .. .. .. ..
h a lease. - correct answer
.. .. lease purchase agreement
.. .. .. .. .. ..
Which of the following requires a contract for the conveyance of real esta
.. .. .. .. .. .. .. .. .. .. .. ..
te 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 selle
.. .. .. .. .. .. .. .. .. .. ..
r has instructed the broker otherwise
.. .. .. .. ..
The most common form of financing used by buyers is: -
.. .. .. .. .. .. .. .. .. ..
correct answer
.. third party financing .. .. .. ..
A(n) __________ is a provision in a contract that requires that a certain ac
.. .. .. .. .. .. .. .. .. .. .. .. ..
t or event happens in order for the contract to be binding on the party. -
.. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
correct answer
.. contingency .. ..
The Lead-Based Paint Disclosure is: -
.. .. .. .. ..
correct answer
.. A federal requirement for residential property buil
.. .. .. .. .. .. .. ..
t prior to 1978
.. .. ..
In Texas, real estate contracts are subject to satisfactory inspections. -
.. .. .. .. .. .. .. .. .. ..
correct answer
.. false .. ..
The term __________ is synonymous with contingent. -
.. .. .. .. .. .. ..
correct answer
.. subject to .. .. ..
Real estate agents play a role that includes arranging for the pre-
.. .. .. .. .. .. .. .. .. .. ..
qualification / pre-approval of buyers. - correct answer true .. .. .. .. .. .. .. ..
