CHAMPIONS LAW OF CONTRACTS 2025/2026 QUESTIONS
WITH ANSWERS GRADED A+
✔✔oral agreement, valid not enforced - ✔✔Statue of fraud
✔✔married couple, only one needs to sign to sell - ✔✔Estate in severally
✔✔RESPA prohibits - ✔✔Kickbacks
✔✔Collecting payments - ✔✔Mortgage servicer
✔✔Transfer of Personal Property - ✔✔Bill of sale
✔✔Closing date changed - ✔✔Counteroffer
✔✔Police Power, Eminent Domain, Taxation, Escheat - ✔✔PETE
✔✔Property taxes + HOA dues - ✔✔Prorating
✔✔Special Provisions - ✔✔P11
✔✔One - ✔✔Unilateral
✔✔Buyer / seller - ✔✔Lease
✔✔All home info - ✔✔Abstract title
✔✔Fax, phone,email, - ✔✔Present all offers
✔✔Man made changes - ✔✔Modifications
✔✔Under veteran - ✔✔VA, FHA , conventional
✔✔Terms addressed that aren't covered in addenda - ✔✔Special provisions
✔✔Earnest money loss - ✔✔Liquidated damages
✔✔right of first refusal - ✔✔Match or better offer
✔✔ Communicative offer - ✔✔Verbal, email, fax
✔✔County takes land to create an easement - ✔✔Condemnation
WITH ANSWERS GRADED A+
✔✔oral agreement, valid not enforced - ✔✔Statue of fraud
✔✔married couple, only one needs to sign to sell - ✔✔Estate in severally
✔✔RESPA prohibits - ✔✔Kickbacks
✔✔Collecting payments - ✔✔Mortgage servicer
✔✔Transfer of Personal Property - ✔✔Bill of sale
✔✔Closing date changed - ✔✔Counteroffer
✔✔Police Power, Eminent Domain, Taxation, Escheat - ✔✔PETE
✔✔Property taxes + HOA dues - ✔✔Prorating
✔✔Special Provisions - ✔✔P11
✔✔One - ✔✔Unilateral
✔✔Buyer / seller - ✔✔Lease
✔✔All home info - ✔✔Abstract title
✔✔Fax, phone,email, - ✔✔Present all offers
✔✔Man made changes - ✔✔Modifications
✔✔Under veteran - ✔✔VA, FHA , conventional
✔✔Terms addressed that aren't covered in addenda - ✔✔Special provisions
✔✔Earnest money loss - ✔✔Liquidated damages
✔✔right of first refusal - ✔✔Match or better offer
✔✔ Communicative offer - ✔✔Verbal, email, fax
✔✔County takes land to create an easement - ✔✔Condemnation
