Louisiana State Exam Practice - Round 1:–
Questions With Fully Solved Solutions
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Terms in this set (100)
Nelly has a meeting scheduled with a An agency disclosure
potential new buyer. Per Louisiana law,
what document must she try to get the
prospect to sign at the meeting?
A commission waiver
A dual agency consent
An agency agreement
An agency disclosure
How can a listing agent terminate an By renunciation
agency agreement with a client before
the agreement's completion or
expiration date?
By abandonment
By declaration
By renunciation
By request
_____ occurs when sediment builds up Accretion
along a river bank, increasing the
owner's immovable.
Accretion
Dereliction
Improvements
Water action
,In Louisiana, if a contract includes any Mutual consent
of the vices of consent, then it doesn't
contain which of the required
elements for a contract?
Cause
Consideration
Legal capacity
Mutual consent
Julia signs a contract to buy Harold's Julia
home. Before closing, it's discovered
that Julia is only 16 years old. Because
she's a minor, she's not considered
legally competent to enter into a
contract. Which of the parties can void
the contract?
Harold
Julia
Nobody
Only a judge
Buyer Susie's a little nervous about the When conditions are met at closing
$20,000 earnest money check she just
deposited with the title company.
When should she expect to see this
money applied toward her purchase
of the property?
When conditions are met at closing
When her mortgage is approved
Within 10 days of the home inspection
Within six months of closing
Craig died intestate. Both his wife and Craig's grandchildren
their only son predeceased him. Who
inherits Craig's estate?
Craig's aunts and uncles
Craig's grandchildren
Craig's siblings or their descendants
Craig's siblings with usufruct reserved
for their parents
, Louisiana deeds may include three Toise
land measurements that aren't typical
in any other state. Two of them are the
vara and the arpent. What's the third?
Tasso
Toise
Toulon
Tours
If a party to a Louisiana contract lacks The party lacking legal capacity
legal capacity but enters into a
contract anyway, the contract is
voidable by ______.
Both parties
The broker
The party lacking legal capacity
The party possessing legal capacity
In Louisiana, when a contractor begins Notice of contract
work on a construction or renovation
project at a given property, what is the
contractor supposed to file in the
parish where the property is located?
Materialmen's privilege
Mechanic's privilege
Notice of contract
Notice of termination
Materials that have been removed Immovables
from a structure in order to repair,
change, or add on to that structure,
and that will be placed back, are _____.
Component parts
Immovables
Movables
Movables by anticipation
Questions With Fully Solved Solutions
Save
Terms in this set (100)
Nelly has a meeting scheduled with a An agency disclosure
potential new buyer. Per Louisiana law,
what document must she try to get the
prospect to sign at the meeting?
A commission waiver
A dual agency consent
An agency agreement
An agency disclosure
How can a listing agent terminate an By renunciation
agency agreement with a client before
the agreement's completion or
expiration date?
By abandonment
By declaration
By renunciation
By request
_____ occurs when sediment builds up Accretion
along a river bank, increasing the
owner's immovable.
Accretion
Dereliction
Improvements
Water action
,In Louisiana, if a contract includes any Mutual consent
of the vices of consent, then it doesn't
contain which of the required
elements for a contract?
Cause
Consideration
Legal capacity
Mutual consent
Julia signs a contract to buy Harold's Julia
home. Before closing, it's discovered
that Julia is only 16 years old. Because
she's a minor, she's not considered
legally competent to enter into a
contract. Which of the parties can void
the contract?
Harold
Julia
Nobody
Only a judge
Buyer Susie's a little nervous about the When conditions are met at closing
$20,000 earnest money check she just
deposited with the title company.
When should she expect to see this
money applied toward her purchase
of the property?
When conditions are met at closing
When her mortgage is approved
Within 10 days of the home inspection
Within six months of closing
Craig died intestate. Both his wife and Craig's grandchildren
their only son predeceased him. Who
inherits Craig's estate?
Craig's aunts and uncles
Craig's grandchildren
Craig's siblings or their descendants
Craig's siblings with usufruct reserved
for their parents
, Louisiana deeds may include three Toise
land measurements that aren't typical
in any other state. Two of them are the
vara and the arpent. What's the third?
Tasso
Toise
Toulon
Tours
If a party to a Louisiana contract lacks The party lacking legal capacity
legal capacity but enters into a
contract anyway, the contract is
voidable by ______.
Both parties
The broker
The party lacking legal capacity
The party possessing legal capacity
In Louisiana, when a contractor begins Notice of contract
work on a construction or renovation
project at a given property, what is the
contractor supposed to file in the
parish where the property is located?
Materialmen's privilege
Mechanic's privilege
Notice of contract
Notice of termination
Materials that have been removed Immovables
from a structure in order to repair,
change, or add on to that structure,
and that will be placed back, are _____.
Component parts
Immovables
Movables
Movables by anticipation
