CONTRACT LAW EXAM AND PRACTICE EXAM QUESTIONS 2025 NEWEST ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

Page 1




CONTRACT LAW EXAM AND PRACTICE EXAM
QUESTIONS 2025 NEWEST ACTUAL EXAM COMPLETE
EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY
GRADED A+




The state of the contract between the execution date and the closing.
b b b b b b b b b b b




b A) Fully executed contracted
b b b



b B) Executed contract
b b



b C) Option contract
b b



b D) Executory contract - answerD) Executory contract
b b b b b b




This lease has a defined specific beginning and ending date.
b b b b b b b b b




b A) Estate at sufferance
b b b



b B) Estate at will
b b b




b C) Estate from period to period
b b b b b



b D) Estate for years - answerD) Estate for years
b b b b b b b b

,Page 2


The TREC ONE-TO-b b


FOUR RESIDENTIAL RESALE CONTRACT requires the seller to deliver__
b b b b b b b b


________ to the buyer at closing. b b b b b




b A) Deed of trust
b b b



b B) General Warranty Deed
b b b



b C) Special Warranty Deed
b b b




b D) Quit Claim Deed - answerB) General Warranty Deed
b b b b b b b b




A contingency added by sellers to provide a measure of protection against a h
b b b b b b b b b b b b b


ouse sale. b




b A) Amendment
b



b B) Addenda
b




b C) Kick out
b b




b D) Kick back - answerC) Kick out
b b b b b b




What kind of listing is created when the owner wishes to receive a set amoun
b b b b b b b b b b b b b b


t of money from the sale of the property?
b b b b b b b b




b A) Exclusive agency listing
b b b



b B) Open listing
b b




b C) Net listing
b b



b D) None of the above - answerC) Net listing
b b b b b b b b




Sources of forms available for use by the Real Estate agent who has become a
b b b b b b b b b b b b b b


Realtor includes which of the following?
b b b b b b

,Page 3




b A) TREC
b



b B) TAR
b



b C) Lawyers
b




b D) All of the above - answerD) All of the above
b b b b b b b b b b




Paragraph 6 of the ONE-TO- b b b b


FOUR RESIDENTIAL RESALE contract talks about the survey. In order to f
b b b b b b b b b b b


ully comply with this paragraph, the buyer must provide both the survey and
b b b b b b b b b b b b


the T-47.
b b




b A) True
b



b B) False - answerD) Closing
b b b b




The process that brings the note into legal existence.
b b b b b b b b




b A) Execution
b



b B) Escrow
b



b C) Underwriting
b




b D) Closing - answerD) Contingency
b b b b




Buyer's agency agreements can be created in which of the following ways?
b b b b b b b b b b b




b A) Express oral agreement
b b b



b B) Implied agency
b b




b C) Both A & B
b b b b



b D) None of the above - answerB) Bill of sale
b b b b b b b b b

, Page 4




An uncertain event or chance.
b b b b




b A) Default
b




b B) Addendum
b




b C) Breach
b



b D) Contingency - answerD) Contingency
b b b b




When a seller and a buyer wish to convey personal property, this is done with
b b b b b b b b b b b b b b


a:
b




b A) Deed
b



b B) Bill of sale
b b b



b C) Deed of Trust
b b b



b D) Nothing is required - answerB) Bill of sale
b b b b b b b b




Law handed down by the legislature.
b b b b b




b A) Agency law
b b




b B) Common law
b b



b C) TREC
b



b D) Statutory law - answerD) Statutory law
b b b b b b




Which is NOT a form of INVOLUNTARY ALIENATION?
b b b b b b b




b A) Escheat
b