Law of Contracts Practice Exam Champions 2018 100% solved questions and answers

Law of Contracts Practice Exam
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Champions 2018 100% solved questions i i i i

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and answers i

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In i idd______the i iddTexas i iddReal i iddEstate i iddCommission i iddwas i iddestablished i iddto i
iddadminister i iddand i iddenforce i iddthe i iddTRELA. i
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a. dd1939 i
b. dd1929 i
c. dd1949 i
d. dd1993 i idd- i iddc. i idd1949 i i
TREC i iddhas i iddonly i idd_______ i iddpromulgated i iddlease i iddforms. i
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a. dd1 i


b. dd2 i

c. dd3 i


d. dd4 i idd- i iddb. i idd2 i i

In i iddthe i iddTAR® i iddSeller's i iddDisclosure i iddthe i iddseller i iddshould i idd_______. i
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a. ddprepare i iddthe i idddisclosure i iddwhen i iddthe i iddlisting i iddis i iddtaken i
b. ddbe i iddthe i iddonly i iddone i iddcompleting i iddthis i iddform i iddor i iddany i iddpart i iddof i iddit i
c. ddnone i iddof i iddthe i iddabove i
d. ddboth i idda i iddand i iddb i idd- i iddd. i iddboth i idda i iddand i iddb i
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Which i iddof i iddthe i iddfollowing i iddcan i iddresult i iddin i idda i iddlicense i iddrevocation i iddor i
iddsuspension i iddby i iddTREC? i
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(a) ddFailure i iddto i idduse i iddTRECs i iddpromulgated i iddforms i
(b) ddFailure i iddto i idduse i idda i iddform i iddwritten i iddby i iddan i iddattorney i
(c) ddFailure i iddto i idduse i idda i iddform i iddrequired i iddby i idda i iddparty i
(d) ddall i iddof i iddthe i iddabove i idd- i idd(d) i iddall i iddof i iddthe i iddabove i
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Which i iddof i iddthe i iddfollowing i idddoes i iddTREC i iddhave i iddpromulgated i iddsales i iddcontract i
iddforms i iddfor? i
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(a) ddLease i iddpurchase i
(b) ddRight i iddof i iddFirst i iddRefusal i
(c) ddLease i iddoption i
(d) ddHomes i iddand i iddcondos i idd- i idd(d) i iddHomes i iddand i iddcondos i
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,If i idda i iddclient i iddis iddinterested i iddin i idda i iddlease i iddwith i iddan i iddoption i iddto i iddpurchase i iddor i
idda i iddright i iddof i iddfirst i iddrefusal, i iddthe i iddassistance i iddof i idda(n)_________ i iddis i iddrequired. i
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(a) ddAttorney i
(b) ddBroker i
(c) ddTREC i iddRepresentative i
(d) ddSubagent i idd- i idd(a) i iddAttorney i
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The i iddState i iddof i iddTexas i iddrequires i iddthat i iddmost i iddsellers i iddof i iddresidential i iddproperty i
iddprovide i idda i idd_______ i iddwhether i iddor i iddnot i iddthe i iddseller i iddhas i iddever i iddoccupied i


iddthe i iddproperty. i
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(a) ddAmendment i iddto i iddContract i
(b) ddSeller's i iddTemporary i iddResidential i iddLease i
(c) ddSeller's i iddDisclosure i
(d) ddSeller i iddFinancing i iddAddendum i idd- i idd(c) i iddSeller's i iddDisclosure i
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TREC's i iddresidential i iddcontract i iddforms, i idd______, i iddare i iddmandatory i iddfor i iddlicense i
iddholders, i iddwith i iddfew i iddexceptions. i
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(a) ddfor i iddoptional i idduse i iddby i iddreal i iddestate i iddlicense i iddholders i
(b) dddrafted i iddby i iddthe i iddBroker i iddLawyer i iddCommittee i
(c) ddpromulgated i iddby i iddthe i iddBroker i iddLawyer i iddCommittee i
(d) ddmandatory i iddfor i iddall i iddreal i iddestate i iddtransactions i iddin i iddTexas i idd- i idd(b) i idddrafted i
iddby i iddthe i i


ddBroker i iddLawyer i iddCommittee i
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Which i iddof i iddthe i iddfollowing i iddare i idddefined i iddas i iddtangible i iddchattels? i
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(a) ddConsumers i
(b) ddServices i
(c) ddGoods i
(d) ddFixtures i idd- i idd(c) i iddGoods i
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The i idd_______ i iddstatute i iddprovides i iddthat i iddthe i iddsender's i iddmessage i iddmust i iddcontain i
iddclear i iddand i iddconspicuous i iddnotice i iddthat i iddthe i iddmessage i iddis i iddan i iddadvertisement i


iddor i iddsolicitation.. i
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(a) ddCAN-SPAM i
(b) ddInterstate i iddLand i iddSales i iddFull i iddDisclosure i iddAct i
(c) ddDo i iddNot i iddCall i
(d) ddJunk i iddFax i iddPrevention i iddAct i idd- i idd(a) i iddCAN-SPAM i
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A i idd________ i iddis i idda i iddpossible i iddpolluter i iddwho i iddmay i iddbe i iddheld i iddliable i iddunder i
iddCERCLA i iddfor i iddthe i iddcontamination i iddof i idda i iddproperty i iddor i iddresource. i
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(a) ddSafe i iddHarbor i
(b) ddEBR i

, (c) ddPRP i
(d) ddTMARR i idd- idd(c) i iddPRP i
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If i iddyou i iddhire i idda i iddmold i iddremediator i iddhe i iddmust i iddgive i iddyou i idd_______ i iddno i iddlater i
iddthan i idd10 i idddays i iddafter i iddwork i iddis i iddcomplete. i
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(a) ddDept. i iddof i iddState i iddand i iddHealth i iddServices i iddAgreement i
(b) ddTexas i iddProperty i iddCode i iddreceipt i
(c) ddEPA i iddCertificate i
(d) ddCertificate i iddof i iddMold i iddRemediation i idd- i idd(d) i iddCertificate i iddof i iddMold i
iddRemediation i
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The i iddrights i iddthat i iddextend i iddabove i iddthe i iddsurface i iddof i iddland i iddwithout i iddlimitation i
iddare i iddknown i iddas i idd______ i iddrights. i
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(a) ddimprovement i
(b) ddsubsurface i
(c) ddsurface i
(d) ddair i idd- i idd(d) i iddair i i
______ i iddare i iddman-made i iddadditions i iddto i iddthe i iddland i iddthat i iddare i iddpermanent i iddand i
iddconsidered i iddto i iddbecome i iddpart i iddof i iddthe i iddland. i
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(a) ddSurface i iddrights i
(b) ddImprovements i
(c) ddFixtures i
(d) ddPersonal i iddproperties i idd- i idd(b) i iddImprovements i
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Another i iddname i iddfor i iddpersonal i iddproperty i iddis i idd_______. i
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(a) ddFurniture i
(b) ddFixutre i
(c) ddSubsurface i iddrights i
(d) ddPersonalty i idd- i idd(d) i iddPersonalty i
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In i iddorder i iddto i iddcomply i iddwith i iddthe i idd_______, i iddcontracts i iddfor i iddthe i iddconveyance i
iddof i iddan i iddinterest i iddin i iddreal i iddestate i iddor i iddleases i iddfor i idda i iddterm i iddof i iddmore i iddthan i


iddone i iddyear i iddmust i iddbe i iddin i iddwriting. i
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a. ddSAFE i iddAct i
b. ddStatute i iddof i iddFrauds i
c. ddStatue i iddof i iddLimitations i
d. ddRESPA i idd- i iddb. i iddStatute i iddof i iddFrauds i i
A i iddunilateral i iddcontract i iddis i iddsaid i iddto i iddlack i idd__________. i
i idd i

a. ddMutuality i
b. ddFairness i
c. ddAgreement i