Champions Law of Contracts 2025/2026
Exam Questions and Verified Answers |
Already Graded A+
Common Law - 🧠 ANSWER ✔✔Based upon "Common Sense" and local
custom
modification - 🧠 ANSWER ✔✔refers to the fact that value is affected by
man-made changes to the land
Bill of Sale - 🧠 ANSWER ✔✔A document used to transfer ownership of
personal property.
Buyer's Temporary Residential Lease - 🧠 ANSWER ✔✔for use when the
buyer occupies the property for
no more than 90 days prior to closing.
, Seller's Temporary Residential Lease - 🧠 ANSWER ✔✔For use when the
seller occupies the property for no more than 90 days after closing.
right of first refusal - 🧠 ANSWER ✔✔the right to match or better an offer
before the property is sold to someone else
Promulgated - 🧠 ANSWER ✔✔To make known by open declaration, publish
According to DTPA, Brokerage is a - 🧠 ANSWER ✔✔Service
Estate in severalty - 🧠 ANSWER ✔✔One person owns the property, and all
other interests are severed. Only one signature of required on a deed
conveying full ownership
Sole Proprietorship - 🧠 ANSWER ✔✔A business owned by one person
cooperative - 🧠 ANSWER ✔✔a business organization owned and operated
by a group of individuals for their mutual benefit. Does not own a specific
unit.
Familial Status - 🧠 ANSWER ✔✔Advertising under the Fair Housing Act, a
protected class composed of families who have children under 18,
pregnant women, and people in the process of obtaining legal custody of a
child, is prohibited.
Exam Questions and Verified Answers |
Already Graded A+
Common Law - 🧠 ANSWER ✔✔Based upon "Common Sense" and local
custom
modification - 🧠 ANSWER ✔✔refers to the fact that value is affected by
man-made changes to the land
Bill of Sale - 🧠 ANSWER ✔✔A document used to transfer ownership of
personal property.
Buyer's Temporary Residential Lease - 🧠 ANSWER ✔✔for use when the
buyer occupies the property for
no more than 90 days prior to closing.
, Seller's Temporary Residential Lease - 🧠 ANSWER ✔✔For use when the
seller occupies the property for no more than 90 days after closing.
right of first refusal - 🧠 ANSWER ✔✔the right to match or better an offer
before the property is sold to someone else
Promulgated - 🧠 ANSWER ✔✔To make known by open declaration, publish
According to DTPA, Brokerage is a - 🧠 ANSWER ✔✔Service
Estate in severalty - 🧠 ANSWER ✔✔One person owns the property, and all
other interests are severed. Only one signature of required on a deed
conveying full ownership
Sole Proprietorship - 🧠 ANSWER ✔✔A business owned by one person
cooperative - 🧠 ANSWER ✔✔a business organization owned and operated
by a group of individuals for their mutual benefit. Does not own a specific
unit.
Familial Status - 🧠 ANSWER ✔✔Advertising under the Fair Housing Act, a
protected class composed of families who have children under 18,
pregnant women, and people in the process of obtaining legal custody of a
child, is prohibited.
