Texas Promulgated Contract Forms: Quiz Questions QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) ACTUAL EXAM || LATEST UPDATEALREDAY GRADED A+ BEST VERSION FOR EXAM PREPARATION

Texas Promulgated Contract Forms: Quiz Questions
QUESTIONS AND VERIFIED ANSWERS (DETAILED &
ELABORATED) ACTUAL EXAM 2026 -2027 || LATEST
UPDATE\ALREDAY GRADED A+ BEST VERSION FOR EXAM
PREPARATION \




ANSWERS: Executed Contract


A contract that has been fully performed is known as a/an...?


Executory contract
Expired contract
Executed contract
Unenforceable contract



ANSWERS: Must Be In-Writing


John is about to enter into a contract with Amy, to purchase Amy's house. The
real estate sales contract between John and Amy...?


May be oral
May lack consideration
Must be in-writing
May be in-writing or oral

,ANSWERS: Consideration


Anything given or promised by a party to induce another to enter into a
contract is referred to as...?


Performan
ce
Novation
Acknowledgement
Consideration


ANSWERS: May Be Oral Or In-Writing


A lease with a term of less than one


year...? Must be in writing
May be oral or in-
writing Must be
notarized
Must be oral

ANSWERS: The Seller Accepts An Offer And The Parties Enter Into A Binding
Contract


Curtis is a real estate agent who represents a seller in a transaction. Curtis
must present all offers to the seller until which of the following
occurs...?


Curtis presents an initial offer to the
seller The seller accepts an offer
The seller accepts an offer and the parties enter into a binding
contract Any of the above

, ANSWERS: All Of The Above


TREC has promulgated which of the following types of forms...?


Consumer Disclosures
Addenda
Real estate sales
contracts All of the
above

All Of The Above




A binding contract between a buyer and seller must include which of the
following...?




There must be a mutual agreement between the parties Must be in-writing

Signed by all parties All of the above