South Texas College Of Law

Texas Promulgated Forms/Contracts Exam Practice Questions and Answers Graded A+ Texas Promulgated Forms/Contracts Exam Practice Questions and Answers Graded A+ Texas Promulgated Forms/Contracts Exam Practice Questions and Answers Graded A+

Texas Promulgated Contracts-CHAMPIONS Exam .

Texas Promulgated Contracts-CHAMPIONS STUDY . The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defin...

Texas Law of Contracts Champions School of Real Estate Exam for Unlocking Success Strategies with Questions & Answers Promulgated Forms ANSWER Form published by TREC that are mandatory for licensees to use in real estate transaction in the state of Taxas Intentionally ANSWER Acting with awareness or flagrant disregard of prudent and fair business practices Puffing ANSWER Use of adjectives and opinions rather than details or facts Deceptive Trade Practices Act ANSWER Allows an aggrive...

Texas Promulgated Contract Forms Test Comprising of 271 Thorough Questions and Validated Answers The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? a. Consideration b. Novation c. Performance d. Void ANSWER c. Performance Which of the following is an example of consideration...? a. Money b. Personal services c. Cash d. All of the above ANSWER d. All of the above A State law requiring certain contr...

Texas Promulgated Contract Forms Objective Assessment with all Examinable Questions and Confirmed Answers What is misrepresentation? ANSWER An error What is a courts primary objective when interpreting a contract? ANSWER To ascertain and give effect to the intent of the parties What is duress? ANSWER use of force What is it called when all terms in a contract are agreed to by all the parties of the contract? ANSWER Mutual agreement Consideration is also known as what? ANSWER Somet...

Texas Real Estate Law of Contracts with 168 well Defined Terms Guide for Upcoming Exams Updated 2024 Texas Real Estate Commission ANSWER TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act Real Estate Recovery Trust Account ANSWER administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders unlawful practice of law ANSWER l...

Texas Real Estate Promulgated Contracts Terminologies Combo with Verified Definitions 2024 TRELA (Texas Real Estate License Act) ANSWER In 1939 the legislature passed the Real Estate Dealer's License Act, which required real estate agents to obtain licenses. This act was administered by the secretary of state until 1949, when the Texas Real Estate Commission assumed the administrative. Changed then to TRELA. License holders are governed by TRELA. The main purpose is to protect the public fr...

Texas Promulgated Contract Forms Preparation Study Guide with 148 an In-Depth Questions and Verified Answers Updated 2024/2025 In 1939, the Texas legislature passed the Real Estate Dealer's License Act (REDLA), which required real estate agents to obtain licenses. This act was administered by the Secretary of State until ANSWER 1949 when the Texas Real Estate Commission (TREC) assumed the administrative responsibilities associated with it. In 1949, the REDLA was changed into the Texas Real E...

Texas Promulgated Contracts-CHAMPIONS Exam with 108 Standardized Questions & Accurate Answers The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording CORRECT ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been pe...