Legal Aspects in Real Estate- Chapter 1 quiz
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Any wrongful act (not involving a breach of contract) for which a civil section will lie for the
person wronged is referred to as...? - CORRECT ANSWER - sociological jurisprudence
The intention of the law is to establish order and to enforce promises...? (t/f) - CORRECT
ANSWER - true
The purpose of this court is to correct a mistake made in a lower court judgment...? - CORRECT
ANSWER - appellate court
A decision made in mediation is never binding...? (t/f) - CORRECT ANSWER - false
A form of alternative dispute resolution in which the parties to a lawsuit meet with a neutral
third-party in an effort to settle the case is known as...? - CORRECT ANSWER -
mediation
During ............, a neutral third party listens to each party's position and makes a final, binding
decision? - CORRECT ANSWER - arbitration
In California, there is a 3 year statute of limitations for real property contracts...? (t/f) -
CORRECT ANSWER - true
A statute prescribing a period of limitation for the bringing of certain kinds of legal action is
known as...? - CORRECT ANSWER - statue of limitations
A state law requiring certain contracts to be in writing and signed before they will be enforceable
at law is known as the...? - CORRECT ANSWER - statue of frauds
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Any wrongful act (not involving a breach of contract) for which a civil section will lie for the
person wronged is referred to as...? - CORRECT ANSWER - sociological jurisprudence
The intention of the law is to establish order and to enforce promises...? (t/f) - CORRECT
ANSWER - true
The purpose of this court is to correct a mistake made in a lower court judgment...? - CORRECT
ANSWER - appellate court
A decision made in mediation is never binding...? (t/f) - CORRECT ANSWER - false
A form of alternative dispute resolution in which the parties to a lawsuit meet with a neutral
third-party in an effort to settle the case is known as...? - CORRECT ANSWER -
mediation
During ............, a neutral third party listens to each party's position and makes a final, binding
decision? - CORRECT ANSWER - arbitration
In California, there is a 3 year statute of limitations for real property contracts...? (t/f) -
CORRECT ANSWER - true
A statute prescribing a period of limitation for the bringing of certain kinds of legal action is
known as...? - CORRECT ANSWER - statue of limitations
A state law requiring certain contracts to be in writing and signed before they will be enforceable
at law is known as the...? - CORRECT ANSWER - statue of frauds
