LAW OF CONTRACT FINAL EXAM () ACTUAL
EXAM (TESTING REAL EXAM QUESTIONS) AND
VERIFIED ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED |100%
CORRECT!!
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Terms in this set (60)
This generally refers to a D) Eminent domain
governmental entity's legal
authority to force a private
landowner to sell his or her real
property for public use.
A) Condemnation
B) Taxation
C) Police power
D) Eminent domain
Precedents are determined by: Wrong A) Statutory Law?
A) Statutory Law
B) Case law
C) TRELA
D) DTPA
,This estate may be terminated at A) Estate at will?
will of either party. It has no
duration limitation.
A) Estate at will
B) Estate from period to period
C) Estate for years
D) Freehold estate
A form of shared property B) Time shares
ownership in which rights vest in
several owners for a specified
period each year.
A) Cooperatives
B) Time shares
C) Townhomes
D) Condominiums
The law that established the Texas B) TRELA
Real Estate Commission. C) TAR wrong
A) TREC
B) TRELA
C) TAR
D) TCEQ
This act provides a three day right B) Truth-in-Lending
of rescission.
A) Equal Credit Opportunity Act
B) Truth-in-Lending
C) RESPA
D) Fair Housing Act
, Agency law consist of the: B) Texas Real Estate License Act
A) Texas law of agency
B) Texas Real Estate License Act
C) Texas Real Estate Commission
D) Texas Constitution
In owner financing, who receives C) Seller
the DEED OF TRUST?
A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company
An automatic legal process by wrong C) Breach
which an effect or result, or liability wrong A) Default
or right, is created of extinguished
without the consent of either party.
A) Default
B) Operation of law
C) Breach
D) Option
Who is responsible to search and D) Escrow officer
examine the public records for
information related to the wrong B) Broker
property's title?
A) Buyer
B) Broker
C) Inspector
D) Escrow officer
EXAM (TESTING REAL EXAM QUESTIONS) AND
VERIFIED ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED |100%
CORRECT!!
Save
Terms in this set (60)
This generally refers to a D) Eminent domain
governmental entity's legal
authority to force a private
landowner to sell his or her real
property for public use.
A) Condemnation
B) Taxation
C) Police power
D) Eminent domain
Precedents are determined by: Wrong A) Statutory Law?
A) Statutory Law
B) Case law
C) TRELA
D) DTPA
,This estate may be terminated at A) Estate at will?
will of either party. It has no
duration limitation.
A) Estate at will
B) Estate from period to period
C) Estate for years
D) Freehold estate
A form of shared property B) Time shares
ownership in which rights vest in
several owners for a specified
period each year.
A) Cooperatives
B) Time shares
C) Townhomes
D) Condominiums
The law that established the Texas B) TRELA
Real Estate Commission. C) TAR wrong
A) TREC
B) TRELA
C) TAR
D) TCEQ
This act provides a three day right B) Truth-in-Lending
of rescission.
A) Equal Credit Opportunity Act
B) Truth-in-Lending
C) RESPA
D) Fair Housing Act
, Agency law consist of the: B) Texas Real Estate License Act
A) Texas law of agency
B) Texas Real Estate License Act
C) Texas Real Estate Commission
D) Texas Constitution
In owner financing, who receives C) Seller
the DEED OF TRUST?
A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company
An automatic legal process by wrong C) Breach
which an effect or result, or liability wrong A) Default
or right, is created of extinguished
without the consent of either party.
A) Default
B) Operation of law
C) Breach
D) Option
Who is responsible to search and D) Escrow officer
examine the public records for
information related to the wrong B) Broker
property's title?
A) Buyer
B) Broker
C) Inspector
D) Escrow officer
