CHAMPIONS TEST LAW OF CONTRACTS 2024 QUESTIONS AND ANSWERS PASSED AND VERIFIED.

Wrongful or criminal deception intended to result in financial or personal gain is called: - CORRECT ANSWER fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - CORRECT ANSWER 90 days __________ extend above the surface without limitation. - CORRECT ANSWER air rights An example(s) of an appurtenance would be: - CORRECT ANSWER easements There is no upper limit on the value of a Texas homestead. - CORRECT ANSWER true A(n) __________ is one that combines some of the elements of a sale with a lease. - CORRECT ANSWER lease purchase agreement Which of the following requires a contract for the conveyance of real estate to be in writing to be enforceable? - CORRECT ANSWER statute of frauds If a broker receives more than one offer on a property: - CORRECT ANSWER All must be presented to the seller unless the seller has instructed the broker otherwise The most common form of financing used by buyers is: - CORRECT ANSWER third party financing A(n) __________ is a provision in a contract that requires that a certain act or event happens in order for the contract to be binding on the party. - CORRECT ANSWER contingency