RELE1200 chp. 1 Exam 2026 Questions
and Answers
Which of the following is an example of a bilateral contract? - Correct answer-A
purchase contract
Who is responsible for filling in the effective date on the promulgated purchase
contracts? - Correct answer-The broker
What is a legal proceeding brought by a party to a contract against another party to
compel action called for in the agreement? - Correct answer-Suit for specific
performance
If a seller fails to provide the buyer with the seller's disclosure of property
condition as required by Section 5.008 of the Texas Property Code, what is the
status of the purchase contract? - Correct answer-Voidable at the option of the
buyer
Which term identifies the substitution of a new contract for an existing contract? -
Correct answer-Novation
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and Answers
Which of the following is an example of a bilateral contract? - Correct answer-A
purchase contract
Who is responsible for filling in the effective date on the promulgated purchase
contracts? - Correct answer-The broker
What is a legal proceeding brought by a party to a contract against another party to
compel action called for in the agreement? - Correct answer-Suit for specific
performance
If a seller fails to provide the buyer with the seller's disclosure of property
condition as required by Section 5.008 of the Texas Property Code, what is the
status of the purchase contract? - Correct answer-Voidable at the option of the
buyer
Which term identifies the substitution of a new contract for an existing contract? -
Correct answer-Novation
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
