TEXAS PROMULGATED CONTRACTS (TexasPromulgatedCont)

Texas Promulgated Contracts CHAMPIONS Exam 2023 ( A+ GRADED 100% VERIFIED)

The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - CORRECT ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void - CORRECT ANSWER A

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void In the business of rea...

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

Texas Promulgated Contracts – CHAMPIONS STUDY EXAM Reservations of oil, gas and other minerals will generally be inserted in: (a) Paragraph 2 (b) Paragraph 11 (c) TREC Addenda form (d) Paragraph 7 The sales price may be adjusted based upon a survey. If the sales price is adjusted, ____________. (a) The cash portion can be adjusted (b) The amount financed can be adjusted (c) The cash portion and amount financed can be adjusted proportionately (d) Any of the above are possible If the sales pric...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...