Timeshare Test #2 Exam 2026 Questions and Answers

Timeshare Test #2 Exam 2026 Questions
and Answers

The Nevada Revised Statute that deals with the timeshare industry in Nevada is

titled:




A. 1551

B. 119A

C. 119B

D. 645 - Correct Answer -B. 119A

Timeshare right to use is considered:




A. A contractual agreement

B. Deed and title

C. An open arrangement



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,D. None of the above - Correct Answer -A. A contractual agreement

Timeshare is:




A. A great investment

B. A way to freeze vacation costs

C. Easily financed

D. A good tax deduction - Correct Answer -B. A way to freeze vacation costs

Fractional ownership of a timeshare is:




A. From one day to 29 days

B. A series of 21 day stays

C. Weekends only

D. One month to half of a year - Correct Answer -D. One month to half of a year

An arrangement to do, not to do certain things is called:




A. Declaration


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, B. Contract

C. Affidavit

D. Testament - Correct Answer -B. Contract

All are necessary to the creation of an agency relationship except:




A. Consideration

B. Agreement of both parties

C. Principal with capacity

D. Mutuality - Correct Answer -B. Agreement of both parties

Which of the following is not a necessary element in the information of a contract?




A. Consideration.

B. Acceptance

C. Performance

D. Offer - Correct Answer -C. Performance

Financing for an individual timeshare is done by the:


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