RealEstateU- Texas Promulgated Contract Forms ||
Most Recent Exam 2026-2027 Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Brand New Version!!
The execution of a contract by which the contracting
parties are automatically discharged of their obligations
under it is known as...? - ANSWER-Performance
Which of the following is an example of consideration? -
ANSWER-Money, personal services, cash
,A State law requiring certain contracts to be in writing and
signed before they will be enforceable at law is known as
the? - ANSWER-Statute of Frauds
Which of the following is an example of a forbearance
contract? - ANSWER-Options contract
A valid contract must be ______ and enforceable? -
ANSWER-Binding
Which of the following real estate contracts does not have
to be in writing? - ANSWER-Leases under one year
,If one of the parties to a contract does not voluntarily
agree to the contract, this element of valid contract is
violated? - ANSWER-Mutual agreement
To have no force or effect is referred to as a ..........
contract? - ANSWER-Void
That which is capable of being adjusted void, but is not
unless action is taken to make it so, is referred to as a/an
............ contract? - ANSWER-Voidable
In order to be considered a competent party, an individual
must be of the age of the? - ANSWER-Majority
, A contract in which one of the parties is a minor is
considered a - ANSWER-Voidable contract
A contract in which there is fraud by either commission or
omission is voidable by the? - ANSWER-Non-fraudulent
party
A contract in which each party promises to do something
is referred to as a - ANSWER-Bilateral contract
When one party promises to do something if the other
party performs a certain act, but the other party does not
promise to perform it, it is referred to as a? - ANSWER-
Unilateral contract
Most Recent Exam 2026-2027 Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Brand New Version!!
The execution of a contract by which the contracting
parties are automatically discharged of their obligations
under it is known as...? - ANSWER-Performance
Which of the following is an example of consideration? -
ANSWER-Money, personal services, cash
,A State law requiring certain contracts to be in writing and
signed before they will be enforceable at law is known as
the? - ANSWER-Statute of Frauds
Which of the following is an example of a forbearance
contract? - ANSWER-Options contract
A valid contract must be ______ and enforceable? -
ANSWER-Binding
Which of the following real estate contracts does not have
to be in writing? - ANSWER-Leases under one year
,If one of the parties to a contract does not voluntarily
agree to the contract, this element of valid contract is
violated? - ANSWER-Mutual agreement
To have no force or effect is referred to as a ..........
contract? - ANSWER-Void
That which is capable of being adjusted void, but is not
unless action is taken to make it so, is referred to as a/an
............ contract? - ANSWER-Voidable
In order to be considered a competent party, an individual
must be of the age of the? - ANSWER-Majority
, A contract in which one of the parties is a minor is
considered a - ANSWER-Voidable contract
A contract in which there is fraud by either commission or
omission is voidable by the? - ANSWER-Non-fraudulent
party
A contract in which each party promises to do something
is referred to as a - ANSWER-Bilateral contract
When one party promises to do something if the other
party performs a certain act, but the other party does not
promise to perform it, it is referred to as a? - ANSWER-
Unilateral contract
