Law of Contracts - CHAMPIONS TEST UPDATED ACTUAL
Questions and CORRECT Answers
Wrongful or criminal deception intended to result in fraud
financial or personal gain is called:
The Buyer and Seller Temporary Residential Lease forms 90 days
may be used for a lease period not to exceed:
, __________ extend above the surface without limitation. air rights
An example(s) of an appurtenance would be: easements
There is no upper limit on the value of a Texas true
homestead.
A(n) __________ is one that combines some of the elements lease purchase agreement
of a sale with a lease.
Which of the following requires a contract for the statute of frauds
conveyance of real estate to be in writing to be
enforceable?
If a broker receives more than one offer on a property: All must be presented to the seller unless the seller has instructed the broker
otherwise
The most common form of financing used by buyers is: third party financing
A(n) __________ is a provision in a contract that requires that a contingency
certain act or event happens in order for the contract to
be binding on the party.
The Lead-Based Paint Disclosure is: A federal requirement for residential property built prior to 1978
In Texas, real estate contracts are subject to satisfactory false
inspections.
The term ______ is synonymous with contingent. subject to
Real estate agents play a role that includes arranging for true
the pre-qualification / pre-approval of buyers.
Rule P-53 of the Texas Department of Insurance states Cannot provide food and beverages for a picnic for a single firm, Cannot provide
that Title Companies: an annual party for a single firm, Cannot provide continuing education classes
unless they charge the market rate for those classes
Questions and CORRECT Answers
Wrongful or criminal deception intended to result in fraud
financial or personal gain is called:
The Buyer and Seller Temporary Residential Lease forms 90 days
may be used for a lease period not to exceed:
, __________ extend above the surface without limitation. air rights
An example(s) of an appurtenance would be: easements
There is no upper limit on the value of a Texas true
homestead.
A(n) __________ is one that combines some of the elements lease purchase agreement
of a sale with a lease.
Which of the following requires a contract for the statute of frauds
conveyance of real estate to be in writing to be
enforceable?
If a broker receives more than one offer on a property: All must be presented to the seller unless the seller has instructed the broker
otherwise
The most common form of financing used by buyers is: third party financing
A(n) __________ is a provision in a contract that requires that a contingency
certain act or event happens in order for the contract to
be binding on the party.
The Lead-Based Paint Disclosure is: A federal requirement for residential property built prior to 1978
In Texas, real estate contracts are subject to satisfactory false
inspections.
The term ______ is synonymous with contingent. subject to
Real estate agents play a role that includes arranging for true
the pre-qualification / pre-approval of buyers.
Rule P-53 of the Texas Department of Insurance states Cannot provide food and beverages for a picnic for a single firm, Cannot provide
that Title Companies: an annual party for a single firm, Cannot provide continuing education classes
unless they charge the market rate for those classes
