TIMESHARE TEST #2 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Consideration in connection with a contract may be which of the following:
A. Doing what a person is not legally required to do
B. A promise not to do what a person is legally entitled to do
C. A payment of money
D. All of the above - Correct Answer-C. A payment of money
A void contract is one that is:
A. Not in writing
B. Amortized
C. Rescindable by agreement
D. Not enforceable by the law - Correct Answer-D. Not enforceable by the
law
A voidable contract is
1 | Page
,A. Unenforceable
B. Not valid
2 | Page
,C. Valid until action is taken to make it void
D. None of the above - Correct Answer-C. Valid until action is taken to
make it void
The majority of timeshare owners are:
A. Fee deed and title
B. Contract of sale
C. Right to use
D. None of the above - Correct Answer-A. Fee deed and title
The great percentage of timeshare exchanges were purported to be:
A. Rescinded
B. Successful
c. Un-successful
D. In the Caribbean - Correct Answer-B.Succesful
The law that requires certain contracts to be in writing to be enforceable is
called the:
A. Written instrument law
B. Parole Evidence Law
3 | Page
, C. Statute of Limitations
D. Statute of Frauds - Correct Answer-D. Statute of Frauds
An Agency coupled with an interest is one:
A. Where the salesperson makes a secret profit at the expense of his
principal.
B. That cannot be terminated before the expiration date
C. Where the sales person received an interest bearing note in payment of
his commission
D. Where a suit is filed for commission which constitutes a lien on the
timeshares. - Correct Answer-A. Where the salesperson makes a secret
profit at the expense of his principal.
An agent warrants:
A. His authority to act on his client's behalf
B. His client's capacity to perform
C. Both of the above
D. None of the above - Correct Answer-A. His authority to act on his client's
behalf
The Nevada Revised Statute that deals with the timeshare industry in
Nevada is titled:
A. 1551
B. 119A
1 | Page
ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR
GRADES.
Consideration in connection with a contract may be which of the following:
A. Doing what a person is not legally required to do
B. A promise not to do what a person is legally entitled to do
C. A payment of money
D. All of the above - Correct Answer-C. A payment of money
A void contract is one that is:
A. Not in writing
B. Amortized
C. Rescindable by agreement
D. Not enforceable by the law - Correct Answer-D. Not enforceable by the
law
A voidable contract is
1 | Page
,A. Unenforceable
B. Not valid
2 | Page
,C. Valid until action is taken to make it void
D. None of the above - Correct Answer-C. Valid until action is taken to
make it void
The majority of timeshare owners are:
A. Fee deed and title
B. Contract of sale
C. Right to use
D. None of the above - Correct Answer-A. Fee deed and title
The great percentage of timeshare exchanges were purported to be:
A. Rescinded
B. Successful
c. Un-successful
D. In the Caribbean - Correct Answer-B.Succesful
The law that requires certain contracts to be in writing to be enforceable is
called the:
A. Written instrument law
B. Parole Evidence Law
3 | Page
, C. Statute of Limitations
D. Statute of Frauds - Correct Answer-D. Statute of Frauds
An Agency coupled with an interest is one:
A. Where the salesperson makes a secret profit at the expense of his
principal.
B. That cannot be terminated before the expiration date
C. Where the sales person received an interest bearing note in payment of
his commission
D. Where a suit is filed for commission which constitutes a lien on the
timeshares. - Correct Answer-A. Where the salesperson makes a secret
profit at the expense of his principal.
An agent warrants:
A. His authority to act on his client's behalf
B. His client's capacity to perform
C. Both of the above
D. None of the above - Correct Answer-A. His authority to act on his client's
behalf
The Nevada Revised Statute that deals with the timeshare industry in
Nevada is titled:
A. 1551
B. 119A
1 | Page
