Law of Contracts - CHAMPIONS TEST Questions
and Answers (Verified Answers)
1. Wrongful or criminal deception intended to result in financial or personalgain is called
Answer :
2. The Buyer and SellerTemporary Residential Lease forms may be used fora lease period not to
exceed Answer :
90 days
3. extend above the surface without limitation. Answer :
air rights
4. An example(s) of an appurtenance would be Answer :
easements
1/5
,5. There is no upper limit on the value of aTexas homestead. Answer :
true
2/5
, 6. A(n) is one that combines some of the elements of a sale witha lease.
Answer :
lease purchase agreement
7. Which of the following requires a contract for the conveyance of real estateto be in writing to
be enforceable? Answer :
statute of frauds
8. If a broker receives more than one offer on a property Answer :
All must be present-ed to the seller unless the seller has instructed the broker otherwise
9. The most common formof financing used by buyers is Answer :
third party financing
10. A(n) is a provision in a contract that requires that a certainact or event
happens in order for the contract to be binding on the party. –Answer :
contingency
3/5
and Answers (Verified Answers)
1. Wrongful or criminal deception intended to result in financial or personalgain is called
Answer :
2. The Buyer and SellerTemporary Residential Lease forms may be used fora lease period not to
exceed Answer :
90 days
3. extend above the surface without limitation. Answer :
air rights
4. An example(s) of an appurtenance would be Answer :
easements
1/5
,5. There is no upper limit on the value of aTexas homestead. Answer :
true
2/5
, 6. A(n) is one that combines some of the elements of a sale witha lease.
Answer :
lease purchase agreement
7. Which of the following requires a contract for the conveyance of real estateto be in writing to
be enforceable? Answer :
statute of frauds
8. If a broker receives more than one offer on a property Answer :
All must be present-ed to the seller unless the seller has instructed the broker otherwise
9. The most common formof financing used by buyers is Answer :
third party financing
10. A(n) is a provision in a contract that requires that a certainact or event
happens in order for the contract to be binding on the party. –Answer :
contingency
3/5
