Review Test Submission: Test #1 (Chapters 1-4)
Elapsed
Instruction When will the exam open and close? View the course calendar for the
s exam due date. Do not wait until the last hour to take the exam as you may
experience technical issues and you need time to notify me and still take the
exam. The exam can be taken at whatever time of day you choose as long as
it falls within the open/close period.
What if I miss this exam? THERE ARE NO MAKE-UPs.
What if there is a technical problem? Should you be ‘knocked offline’ or
‘kicked out’ during the exam or have some other technical difficulty, send me
an email immediately explaining what happened plus tell me what steps you
have taken or will take to prevent this from happening again. If you need
technical help with Blackboard, SJC Blackboard Technical Support can be
reached at 281-542-2084.
Results All Answers, Submitted Answers, Correct Answers, Incorrectly Answered Questions
Displayed
Question 1
1.667 out of 1.667 points
Which of the following is legal for the licensee to draw up?
Selected
Answer: None of
these
Answers: Deed
Note
Contract
None of
these
Question 2
1.667 out of 1.667 points
Local communities passing environmental protection laws is an
example of
, Selected
Answer:
police power.
Answers:
police power.
eminent
domain.
condemnation.
private
restrictions.
Question 3
1.667 out of 1.667 points
A seller accepted money from a buyer for his unrestricted right to cancel the
purchase transaction (option to terminate) within ten days of the executed date
of the sales contract. This agreement is
Selected
Answer:
a unilateral contract.
Answers:
a unilateral contract.
a bilateral contract.
a covenant clause in the sales
contract.
an executory agreement.
Question 4
1.667 out of 1.667 points
An agent represents a buyer. Which of the following forms of advice can the
agent give to an unrepresented buyer?
Selected
Answer:
Advice on having the abstract examined by an attorney
Answers:
Advice on having the abstract examined by an attorney Advice
on what price to offer
Advice regarding the legal sufficiency of a paragraph of the
contract
Advice on asking for repairs
Question 5
1.667 out of 1.667 points
A landowner sells his property but retains the rights to any oil and gas found
beneath the property. These rights are called
, Selected
Answer:
subsurface
rights.
Answers:
subsurface
rights.
surface rights.
air rights.
water rights.
Question 6
1.667 out of 1.667 points
Once a sales contract is completed with all parties fulfilling their promises, the
ownership changing hands, and the seller receiving the sales price amount,
the sales contract is
Selected
Answer:
an executed
contract.
Answers:
a valid contract.
an executory
contract.
a valid contract.
an executed
contract.
Question 7
1.667 out of 1.667 points
A seller has sold his property and is now transferring title to the new owner.
The instrument he will use is
Selected
Answer: a deed.
Answers:
a deed.
a contract.
an abstract of
title.
caveat emptor.
Question 8
1.667 out of 1.667 points
Elapsed
Instruction When will the exam open and close? View the course calendar for the
s exam due date. Do not wait until the last hour to take the exam as you may
experience technical issues and you need time to notify me and still take the
exam. The exam can be taken at whatever time of day you choose as long as
it falls within the open/close period.
What if I miss this exam? THERE ARE NO MAKE-UPs.
What if there is a technical problem? Should you be ‘knocked offline’ or
‘kicked out’ during the exam or have some other technical difficulty, send me
an email immediately explaining what happened plus tell me what steps you
have taken or will take to prevent this from happening again. If you need
technical help with Blackboard, SJC Blackboard Technical Support can be
reached at 281-542-2084.
Results All Answers, Submitted Answers, Correct Answers, Incorrectly Answered Questions
Displayed
Question 1
1.667 out of 1.667 points
Which of the following is legal for the licensee to draw up?
Selected
Answer: None of
these
Answers: Deed
Note
Contract
None of
these
Question 2
1.667 out of 1.667 points
Local communities passing environmental protection laws is an
example of
, Selected
Answer:
police power.
Answers:
police power.
eminent
domain.
condemnation.
private
restrictions.
Question 3
1.667 out of 1.667 points
A seller accepted money from a buyer for his unrestricted right to cancel the
purchase transaction (option to terminate) within ten days of the executed date
of the sales contract. This agreement is
Selected
Answer:
a unilateral contract.
Answers:
a unilateral contract.
a bilateral contract.
a covenant clause in the sales
contract.
an executory agreement.
Question 4
1.667 out of 1.667 points
An agent represents a buyer. Which of the following forms of advice can the
agent give to an unrepresented buyer?
Selected
Answer:
Advice on having the abstract examined by an attorney
Answers:
Advice on having the abstract examined by an attorney Advice
on what price to offer
Advice regarding the legal sufficiency of a paragraph of the
contract
Advice on asking for repairs
Question 5
1.667 out of 1.667 points
A landowner sells his property but retains the rights to any oil and gas found
beneath the property. These rights are called
, Selected
Answer:
subsurface
rights.
Answers:
subsurface
rights.
surface rights.
air rights.
water rights.
Question 6
1.667 out of 1.667 points
Once a sales contract is completed with all parties fulfilling their promises, the
ownership changing hands, and the seller receiving the sales price amount,
the sales contract is
Selected
Answer:
an executed
contract.
Answers:
a valid contract.
an executory
contract.
a valid contract.
an executed
contract.
Question 7
1.667 out of 1.667 points
A seller has sold his property and is now transferring title to the new owner.
The instrument he will use is
Selected
Answer: a deed.
Answers:
a deed.
a contract.
an abstract of
title.
caveat emptor.
Question 8
1.667 out of 1.667 points
