5/6/25, 10:07 AM LAW OF CONTRACT FINAL EXAM (2026 \2025) ACTUAL EXAM (TESTING REAL EXAM QUESTIONS) AND VERIFIED ANSWE…
LAW OF CONTRACT FINAL EXAM (2026 \2025)
ACTUAL EXAM (TESTING REAL EXAM
QUESTIONS) AND VERIFIED ANSWERS
(MULTIPLE CHOICES) |COMPLETE SOLUTIONS
|A+ GRADED |100% CORRECT!!
Save
Terms in this set (60)
This generally refers to a D) Eminent domain
governmental entity's
legal authority to force a
private landowner to sell
his or her real property for
public use.
A) Condemnation
B) Taxation
C) Police power
D) Eminent domain
Precedents are Wrong A) Statutory Law?
determined by:
A) Statutory Law
B) Case law
C) TRELA
D) DTPA
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 1/19
,5/6/25, 10:07 AM LAW OF CONTRACT FINAL EXAM (2026 \2025) ACTUAL EXAM (TESTING REAL EXAM QUESTIONS) AND VERIFIED ANSWE…
This estate may be A) Estate at will?
terminated at will of either
party. It has no duration
limitation.
A) Estate at will
B) Estate from period to
period
C) Estate for years
D) Freehold estate
A form of shared property B) Time shares
ownership in which rights
vest in several owners for
a specified period each
year.
A) Cooperatives
B) Time shares
C) Townhomes
D) Condominiums
The law that established B) TRELA
the Texas Real Estate C) TAR wrong
Commission.
A) TREC
B) TRELA
C) TAR
D) TCEQ
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 2/19
, 5/6/25, 10:07 AM LAW OF CONTRACT FINAL EXAM (2026 \2025) ACTUAL EXAM (TESTING REAL EXAM QUESTIONS) AND VERIFIED ANSWE…
This act provides a three B) Truth-in-Lending
day right of rescission.
A) Equal Credit
Opportunity Act
B) Truth-in-Lending
C) RESPA
D) Fair Housing Act
Agency law consist of the: B) Texas Real Estate License Act
A) Texas law of agency
B) Texas Real Estate
License Act
C) Texas Real Estate
Commission
D) Texas Constitution
In owner financing, who C) Seller
receives the DEED OF
TRUST?
A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company
An automatic legal wrong C) Breach
process by which an wrong A) Default
effect or result, or liability
or right, is created of
extinguished without the
consent of either party.
A) Default
B) Operation of law
C) Breach
D) Option
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 3/19
LAW OF CONTRACT FINAL EXAM (2026 \2025)
ACTUAL EXAM (TESTING REAL EXAM
QUESTIONS) AND VERIFIED ANSWERS
(MULTIPLE CHOICES) |COMPLETE SOLUTIONS
|A+ GRADED |100% CORRECT!!
Save
Terms in this set (60)
This generally refers to a D) Eminent domain
governmental entity's
legal authority to force a
private landowner to sell
his or her real property for
public use.
A) Condemnation
B) Taxation
C) Police power
D) Eminent domain
Precedents are Wrong A) Statutory Law?
determined by:
A) Statutory Law
B) Case law
C) TRELA
D) DTPA
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 1/19
,5/6/25, 10:07 AM LAW OF CONTRACT FINAL EXAM (2026 \2025) ACTUAL EXAM (TESTING REAL EXAM QUESTIONS) AND VERIFIED ANSWE…
This estate may be A) Estate at will?
terminated at will of either
party. It has no duration
limitation.
A) Estate at will
B) Estate from period to
period
C) Estate for years
D) Freehold estate
A form of shared property B) Time shares
ownership in which rights
vest in several owners for
a specified period each
year.
A) Cooperatives
B) Time shares
C) Townhomes
D) Condominiums
The law that established B) TRELA
the Texas Real Estate C) TAR wrong
Commission.
A) TREC
B) TRELA
C) TAR
D) TCEQ
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 2/19
, 5/6/25, 10:07 AM LAW OF CONTRACT FINAL EXAM (2026 \2025) ACTUAL EXAM (TESTING REAL EXAM QUESTIONS) AND VERIFIED ANSWE…
This act provides a three B) Truth-in-Lending
day right of rescission.
A) Equal Credit
Opportunity Act
B) Truth-in-Lending
C) RESPA
D) Fair Housing Act
Agency law consist of the: B) Texas Real Estate License Act
A) Texas law of agency
B) Texas Real Estate
License Act
C) Texas Real Estate
Commission
D) Texas Constitution
In owner financing, who C) Seller
receives the DEED OF
TRUST?
A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company
An automatic legal wrong C) Breach
process by which an wrong A) Default
effect or result, or liability
or right, is created of
extinguished without the
consent of either party.
A) Default
B) Operation of law
C) Breach
D) Option
https://quizlet.com/1040340813/law-of-contract-final-exam-2026-2025-actual-exam-testing-real-exam-questions-and-verified-answers-multiple-choice… 3/19
