CHAMPIONS PROMULGATED CONTRACT
FORMS FINAL PAPER 2026 FULL QUESTIONS
SOLUTIONS GUARANTEED PASS
◉ If a contract has been entered into with a person who has been
judged to be incompetent, that contract is considered ____________
because that person never had the capacity to enter into it.
(a) Executed
(b) Valid
(c) Voidable
(d) Void. Answer: (d) Void
◉ Tammy is interested in Jolene's property, but wants to research
the zoning laws before purchasing. She has and agreement in which
she paid a fee of $10,000 to keep the property available for a preset
price for 30 days, during which time Jolene cannot sell the property
to another. Tammy, however, can change her mind if she likes. What
kind of agreement is this?
(a) Bilateral
(b) Oral
(c) Option
,(d) Void. Answer: (c) Option
◉ All oral negotiations are _________.
(a) Voluntary
(b) Involuntary
(c) Executory
(d) Binding. Answer: (a) Voluntary
◉ The _________ assumes primary liability for performance under the
contract.
(a) Assignee
(b) Assignor
(c) Broker-Lawyer Committee
(d) Title company. Answer: (a) Assignee
◉ Mutual consent is completed by the process of __________.
(a) Consideration
(b) Offer and acceptance
(c) Default
, (d) Fraud. Answer: (b) Offer and acceptance
◉ Which of the following is the buyer's primary obligation toward
the performance of a real estate contract?
(a) Convey satisfactory title
(b) Negotiate a lower price
(c) Be ready to pay the agreed-upon price
(d) All of these are the buyer's obligations toward the performance
of a real estate contract. Answer: (c) Be ready to pay the agreed-
upon price
◉ Which of the following contracts is NOT assignable?
(a) Most purchase contracts
(b) Leases
(c) Contracts for personal services
(d) All of these are assignable. Answer: (c) Contracts for personal
services
◉ What is the statute of limitations in Texas to file suit in court for
damages for breach of a written agreement?
FORMS FINAL PAPER 2026 FULL QUESTIONS
SOLUTIONS GUARANTEED PASS
◉ If a contract has been entered into with a person who has been
judged to be incompetent, that contract is considered ____________
because that person never had the capacity to enter into it.
(a) Executed
(b) Valid
(c) Voidable
(d) Void. Answer: (d) Void
◉ Tammy is interested in Jolene's property, but wants to research
the zoning laws before purchasing. She has and agreement in which
she paid a fee of $10,000 to keep the property available for a preset
price for 30 days, during which time Jolene cannot sell the property
to another. Tammy, however, can change her mind if she likes. What
kind of agreement is this?
(a) Bilateral
(b) Oral
(c) Option
,(d) Void. Answer: (c) Option
◉ All oral negotiations are _________.
(a) Voluntary
(b) Involuntary
(c) Executory
(d) Binding. Answer: (a) Voluntary
◉ The _________ assumes primary liability for performance under the
contract.
(a) Assignee
(b) Assignor
(c) Broker-Lawyer Committee
(d) Title company. Answer: (a) Assignee
◉ Mutual consent is completed by the process of __________.
(a) Consideration
(b) Offer and acceptance
(c) Default
, (d) Fraud. Answer: (b) Offer and acceptance
◉ Which of the following is the buyer's primary obligation toward
the performance of a real estate contract?
(a) Convey satisfactory title
(b) Negotiate a lower price
(c) Be ready to pay the agreed-upon price
(d) All of these are the buyer's obligations toward the performance
of a real estate contract. Answer: (c) Be ready to pay the agreed-
upon price
◉ Which of the following contracts is NOT assignable?
(a) Most purchase contracts
(b) Leases
(c) Contracts for personal services
(d) All of these are assignable. Answer: (c) Contracts for personal
services
◉ What is the statute of limitations in Texas to file suit in court for
damages for breach of a written agreement?
