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Exam (elaborations)
TPF assignment 1 –Latest version 2024//Pass!!!
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---9August 20242024/2025A+
- TPF assignment 1 –Latest version 
2024//Pass!!! 
What happens to the option fee if the buyer terminates within 
the option period under paragraph 23 of the TREC One to Four 
Residential Contract? ️️correct answer-The option fee is 
not refunded to the buyer. 
Where in the One to Four Family Residential Contract would a 
licensee indicate that she is the seller in the transaction and 
that she has a real estate license? ️️correct answerParagraph 4 
Restrictive covenants may includ...
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derrickkariuki
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Exam (elaborations)
TPF (Chap. 1: Contract Law Overview) Exam Questions and Answers
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---3September 20232023/2024A+
- TPF (Chap. 1: Contract Law Overview) Exam Questions and Answers 
Performance - Answer-a contractual agreement or promise to do a particular act 
 
Forbearance - Answer-refraining from taking action 
 
Incompetent party - Answer-one who does not have the legal capacity to enter into a legally binding contract; a minor, or one who is under the influence of alcohol or other mind altering substances, or one who has been declared mentally incompetent by a court 
 
Enforceable Contract aka Binding - ...
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Scholarsstudyguide