CHAMPIONS-LAW OF CONTRACTS COURSE EXAM NOVEMBER 2024.

**Champions-Law Of Contracts Course j j j




Exam** November 2024 j j j




In na nresidential nlease nwith na n"right nof nfirst nrefusal" nprovision: n- n ncorrect nanswer- nThe ntenant nhas
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nthe nright nto nmatch nor nbetter nany noffer nthe nlandlord nreceives nto nprevent nthe nproperty nfrom
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nbeing nsold nto nsomeone nelse
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j nThe nfour nECONOMIC ncharacteristics nof nland nare: n- n ncorrect nanswer- n1) nScarcity
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2) nModification
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3) nSitus
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4) nFixity
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GIVES nLAND nITS nVALUE j j j




j nThe nBuyer nand nSeller nTemporary nResidential nLease nforms nmay nbe nused nfor na nlease nperiod nnot
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nto nexceed: n- n ncorrect nanswer- n90 ndays
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j nA ncontract nthat nis nsaid nto nlack nmutuality nbecause nonly none nparty nis nobligated nto nperform nis
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na________ ncontract. n- n ncorrect nanswer- nUnilateral nContract
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j nAt nclosing, nthe ncontract nis: n- n ncorrect nanswer- nfully nexecuted
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, j nAccording nto nthe nDeceptive nTrade nPractices nAct n(DTPA), nbrokerage nfalls nunder nthe ncategory nof
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n________. n- n ncorrect nanswer- nServices
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j nThe nfive nessential nelements nof na nvalid nand nenforceable ncontract nare: n- n ncorrect nanswer- nCOLIC
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1. nComponent nparties
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2. nOffer nand nacceptance
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3. nLegal npurpose
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4. nIn nwriting
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5. nConsideration
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j n________ nlaw nis na nbody nof nlaw nbased non n"common nsense" nand nlocal ncustom. n- n ncorrect nanswer-
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nCommon nLaw
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j nWhich nkind nof nrights nextend nabove nthe nsurface nof nproperty nwithout nlimitation? n- n ncorrect
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nanswer- nAir nrights
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j nA(n) n________ noccurs nwhen na nnew ncontract nis nsubstituted nfor nan nexisting none. n- n ncorrect
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nanswer- nNovation
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j nA(n) n________ nis na nbusiness nventure nthat nis nowned nby none nindividual. n- n ncorrect nanswer- nSole
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nproprietorship
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j nA(n) n__________ nis nan nagreement nbetween ntwo nor nmore nparties nto ndo nsomething nor nto nrefrain
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nfrom ndoing nsomething. n- n ncorrect nanswer- nContract
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j n3 nphysical ncharacteristics nof nland n- n ncorrect nanswer- n1. nnon-homogeneity
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2. nimmobility n
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3. nindestructibility
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