QUESTIONS NEW UPDATED STUDY GUIDE ACCURATE EXAM
APPROVED QUESTIONS AND CORRECT VERIFIED ANSWERS
WITH DETAILED RATIONALES ( UPDATED VERSION 2026
EDITION) |ALREADY GRADED A+ (BRAND NEW!)
What does not required to perfect a sale in Louisiana
ANSWERS: Constructive notice of the sale (making it public)
What are the requirements to perfect a sale in Louisiana
ANSWERS: The Price
What is being sold
Consent of the parties
If two or more persons own the same piece of property, each has
an undivided share, this is referred to as an
ANSWERS: Undivided Interest
A nonfarm lease that has expired s presumed to have been continued
for another month if the tenant holds over without opposition for
how long
ANSWERS: one week, must give 10 days notice to vacate
,Acceptance of an irrevocable offer under
ANSWERS: When the offer is signed and received by the offeror
When a contract is an earnest money contract
ANSWERS: Neither party can sue for specific performance
A vendor who wishes to keep a life interest and convey the remainder
to a relative may best do this by
ANSWERS: Prepare a conveyance and reserve the right of usufruct
In Louisiana, the closest term to consideration is
ANSWERS: Cause
An offer that specifies a time for acceptance is
ANSWERS: Irrevocable during that time
A seller recently received $40,000 for a house worth $100,000. He
would have 1 year to claim:
ANSWERS: Lesion Beyond Moiety
,Upon death of a spouse, the surviving spouse must be given
ANSWERS: Usufruct over the community property
A foreclosure may be followed by a deficiency judgement only if
there is a
ANSWERS: Foreclosure with appraisement
The buyer in a contract is called the
ANSWERS: Vendee
The seller in a contract is called the
ANSWERS: Vendor
A charge on one property for the benefit of another property is
ANSWERS: a predial servitude
When the performance of the obligation of each party is correlative
to the performance of the other this is called a
ANSWERS: commutative contract
, The act of Redhibition is not available if
ANSWERS: The defects were declared to the buyer before or at the
time of the sale
If the defects were apparent or could have been discovered by
reasonable inspection
The buyer knew of the defects
An offer that specifies no time for acceptance or if the offeror has not
manifested an intent to give the offeree a delay, the offer may
ANSWERS: Be revoked before it is accepted
The donation of property while living is called
ANSWERS: Donation Inter Vivos
A lawsuit base don lesion beyond moiety must be filed within
ANSWERS: one year
When one party is obligated for the benefit of the other, but receives
no return advantage this is called a
ANSWERS: Gratuitous contract